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

July 2024

CFIG Cannabis Clips Week of Friday, July 19

Cannabis News of Note for the Week: Ask a Pol: EXCLUSIVE: Sen. Todd Young: “I support [SAFER Banking Act]” Marijuana Moment: State Marijuana Regulators Push Feds To Explain How Rescheduling Will Impact Enforcement, Banking, Research And More Green Market Report: Major changes to cannabis banking unlikely after rescheduling Marijuana Moment: Bipartisan Lawmakers Seek To Remove...READ MORE »
July 2024

CFIG Cannabis Clips Week of Friday, July 12

Cannabis News of Note for the Week: Cannabis Wire Daily (7/12): From security to accounting, the ancillary creep into cannabis continues (paywalled newsletter, text below) Cannabis Wire Daily (7/11): House Republicans continue to swing at rescheduling (paywalled newsletter, text below) Marijuana Moment: Federal Science Agency Begins Selling ‘Most Carefully Quantified Cannabis Ever Sold’—For $174 A […]...READ MORE »
June 2024

CFIG Cannabis Clips Week of Friday, June 28

Cannabis News of Note for the Week: Marijuana Moment: Delaware Lawmakers Send Marijuana Banking Bill To Governor’s Desk Ask a Pol: Sen. Van Hollen supports Md. marijuana pardons & wants expungements in SAFER Banking Act Marijuana Moment: IRS Advises Marijuana Businesses That They Still Can’t Take Federal Tax Deductions Due To 280E Until Rescheduling Is […]...READ MORE »
June 2024

CFIG Cannabis Clips Week of Friday, June 21

Cannabis News of Note for the Week: Benzinga: ‘The Banking Crisis For Cannabis Has Been Over’ For Several Years, Experts Discuss What’s Next Cannabis Wire Daily (6/21/2024): 18 AGs, 9 former DEA administrators, call for a hearing on rescheduling (paywalled newsletter, text below) Marijuana Moment: Colorado And Maryland Governors Want Marijuana Rescheduling Finalized ASAP Amid […]...READ MORE »
June 2024

CFIG Cannabis Clips Week of Friday, June 14

Cannabis News of Note for the Week: Green Market Report: House GOP nixes cannabis banking protections from spending bill Marijuana Moment: GOP Congressman Predicts Florida Voters Will Approve Marijuana Legalization, But Doubts Congress Will Advance Cannabis Banking By November Green Market Report: Dispensaries could lead to higher home values Marijuana Moment: American Medical Association Endorses […]...READ MORE »
June 2024

CFIG Cannabis Clips Week of Friday, June 7

Cannabis News of Note for the Week: Shot: GOP Congressional Committee Removes D.C. Marijuana Sales Ban And Adds Cannabis Banking Protections In Key Spending Bill Chaser: GOP Congressman Will Attempt To Remove Marijuana Banking Protections From Spending Bill Due To ‘Overwhelming’ Concerns Financial Regulation News: Senators push for legal cannabis businesses to have SBA access […]...READ MORE »
May 2024

CFIG Cannabis Clips Week of Friday, May 24

Cannabis News of Note for the Week: Marijuana Moment: Democratic Senator Who Voted Against Marijuana Banking Bill Voices Continued ‘Concern’ With Lack Of Criminal Justice Reform Marijuana Moment: DOJ Seeks Input On ‘Unique Economic Impacts’ Of Marijuana Rescheduling For ‘Multibillion Dollar Industry’ Green Market Report: House committee approves amendment to ban intoxicating hemp products   […]...READ MORE »
May 2024

CFIG Cannabis Clips Week of Friday, May 17

Cannabis News of Note for the Week: Green Market Report: Biden announces ‘monumental’ shift to formally reschedule marijuana Banking Dive: Pot banking bill advocates push for action this year Politico Pro Cannabis (5/13): Senate Passes FAA Without Weed Banking (paywalled newsletter, text below) Benzinga: Armed Robbers Make Off With $437,000 From Marijuana Courier: Cannabis Banking […]...READ MORE »
May 2024

CFIG Cannabis Clips Week of Friday, May 10

Cannabis News of Note for the Week: Cannabis Business Times: Where All 100 US Senators Stand on SAFER Banking Act Marijuana Moment: Passing Marijuana Banking Bill Would Increase ‘Integrity And Quality Control’ In Financial System, IRS Commissioner Says Green Market Report: DEA chief dodges marijuana rescheduling questions from Congress Marijuana Moment: Marijuana Rescheduling Will Make […]...READ MORE »
May 2024

CFIG Cannabis Clips Week of Friday, May 3

Cannabis News of Note for the Week: Law 360: Three Takeaways From The DOJ’s Cannabis Recommendation (paywalled, full text here) Cannabis Wire: In Historic Move, DEA Will Recommend Cannabis Reclassification(paywalled, full text below) American Bankers Association Statement: SAFER Banking Act Still Needed, Even if Administration Moves to Reclassify Cannabis AP: New era for pot regulation […]...READ MORE »
April 2024

CFIG Cannabis Clips Week of Friday, April 26

 Cannabis News of Note for the Week: Marijuana Moment: Congress Will Not Pursue Marijuana Banking Reform Through Must-Pass Aviation Bill, Industry Group Says Marijuana Moment: Senators Will ‘Do Our Best’ To Pass Marijuana Banking Bill ‘In A Bipartisan Way,’ Schumer Says Marijuana Moment: Key Congresswoman Says ‘Now Is The Time’ To Pass Marijuana Banking Bill, […]...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