The Cannabis Financial Industry Group (CFIG) coalesces financial institutions and associated services providers serving the regulated US cannabis industry.
OBJECTIVES
Inform and advocate for federal and state policy, and the substantively enacted regulations.
Develop industry practices and standards for financial institutions and associated serving the US cannabis industry.
Educate stakeholders informing state and federal oversight on the industry best practices towards improving consistency among regulators and audits.
Cultivate partnerships with peer financial institutions that mitigate risk and expand opportunities.
Interested in More Information
General Membership is open to all banking and financial institutions. Affiliate Membership is available to service providers. For all inquires, please contact Erin Moffet via the form below.
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Industry News
September 2023
CFIG Cannabis Clips Week of Friday, September 22
Cannabis News of Note for the Week: Politico Pro Cannabis: GOP banking rift threatens cannabis bill (paywalled, full text below) Politico Pro Cannabis: Sherrod Brown: Cannabis banking bill will draw ‘strong majority’ (paywalled, full text below) Politico Pro Cannabis: Schumer officially introduces updated cannabis banking bill (paywalled, full text below) Credit Union National Association: Senators...READ MORE »
September 2023
CFIG Cannabis Clips Week of Friday, September 15
Cannabis News of Note for the Week: Politico Pro Cannabis: Cramer Expects SAFE Banking Vote on Sept. 27 (paywalled newsletter, full text below) Marijuana Moment: Key Senate Committee Officially Schedules Marijuana Banking Vote NBC News: Republicans soften on federal marijuana reform in a shift that could make it a reality MJ Biz Daily: Non-revenue-generating cannabis […]...READ MORE »
September 2023
CFIG Cannabis Clips Week of Friday, September 1
Cannabis News of Note for the Week: Green Market Report: Cannabis Wins The Title For Most Capital Intensive Industry Cannabis Wire: Federal Cannabis Review Reaches Milestone as HHS Recommends Schedule III Reclassification Green Market Report: Wall Street’s Hopes for Cannabis Just Got Higher MJ Biz Daily: Opinion: Cannabis businesses could recoup millions on exit, thanks to ‘280E […]...READ MORE »
August 2023
CFIG Cannabis Clips Week of Friday, August 25
Cannabis News of Note for the Week: NAIC Publishes Updated Cannabis Insurance White Paper Marijuana Moment: Maryland Is ‘Craftily’ Coding Marijuana Tax Revenue In Obscure Terms To ‘Protect’ Wells Fargo, State Official Says Cannabis Reports of Note for the Week: Congressional Research Service: FDA’s Oversight of Hemp-Derived Compounds International Journal of Drug Policy: Medical […]...READ MORE »
August 2023
CFIG Cannabis Clips Week of Friday, August 11
Cannabis News of Note for the Week: Punchbowl News: What else can Schumer do? (newsletter from 8/7, text below) Baltimore Banner: Mastercard shut down debit card cannabis purchases. Why that could put dispensaries at risk. MJ Biz Daily: Marijuana industry spends millions lobbying as shutdown threatens SAFE Banking Cannabis Reports of Note for the […]...READ MORE »
August 2023
CFIG Cannabis Clips Week of Friday, August 4
Cannabis News of Note for the Week: Independent Banker: How Banks Can Approach Cannabis Compliance Cannabis Net: Mastercard Banning Marijuana Purchases Is The Best Thing That Could Happen to the Weed Industry? Politico Pro Cannabis: Where SAFE Banking Stands (paywalled newsletter, full text below) Bloomberg: Schumer Wants Action on Budget, Weed, Insulin and Rail Safety […]...READ MORE »
July 2023
CFIG Cannabis Clips Week of Friday, July 28
Cannabis News of Note for the Week: Cannabis Business Times: Cannabis Financial Industry Group Releases Cannabis Banking Standards Marijuana Moment: As Marijuana Banking Bill Awaits Congressional Action, Financial Coalition Offers Advice To Banks Looking To Service The Industry Cannabis Wire: Cannabis banking group releases standards resource. Marijuana Moment: Schumer Says Work Continues On Marijuana Banking […]...READ MORE »
July 2023
CFIG Standards Document Featured On Cannabis Business Times
Read full text here....READ MORE »
July 2023
CFIG Cannabis Banking Standards Document
CFIG’s Cannabis Banking Standards document can be found here....READ MORE »
Who We Are
MANAGEMENT TEAM
SAPHIRA GALOOB, Executive Director
ERIN MOFFET, Director of Communication
DAVID MANGONE, Director of Policy
JUDY GOOTKIND, Treasurer
CFIG BOARD LEADERSHIP
ALAN HYATT, Chairman, Shore United Bank
ADAM CRABTREE, Vice Chair, NCS Analytics
JUDY GOOTKIND, Treasurer, Creative Services, Inc
CFIG FOUNDING BOARD AND EXECUTIVE COMMITTEE MEMBERS
