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.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Industry News

September 2024

CFIG Cannabis Clips Week of Monday, September 27

Cannabis News of Note for the Week: Marijuana Moment: Democratic Senator Says Trump’s Support For Marijuana Banking Bill Is ‘Great’ And ‘Helpful,’ But Path To Passage Remains Unclear Marijuana Moment: IRS Will Keep Applying 280E Tax On Marijuana For Years Prior To Rescheduling And Could Seize Assets From Businesses That Owe, Official Says Green Market...READ MORE »
September 2024

CFIG Cannabis Clips Week of Monday, September 20

Cannabis News of Note for the Week: Marijuana Moment: Key Senator Tours Marijuana Business And Promotes Banking Bill Amid Growing Industry Frustration Over Inaction Green Market Report: Senate committee OKs bill to relax federal hiring rules on past cannabis use ABA, CBA release ad urging Rep. Pettersen to keep fighting to help legal cannabis businesses […]...READ MORE »
September 2024

CFIG Cannabis Clips Week of Monday, September 16

Cannabis News of Note for the Week: Marijuana Moment: Trump Backs Federal Marijuana Rescheduling And Cannabis Industry Banking Access Marijuana Moment: Trump Needs To ‘Bring Us Some Republican Senators’ To Pass Marijuana Banking Bill Following His Endorsement, Democrat Says ACAMS Central Ohio Chapter: Banking Marijuana MJ Biz Daily: Massachusetts treasurer fires state’s top marijuana official […]...READ MORE »
August 2024

CFIG Cannabis Clips Week of Friday, August 30

Cannabis News of Note for the Week: WSJ: Cannabis Reclassification Would Expand Banking Access to Industry, Advocate Says Dayton Daily News: Banking remains a challenge for dispensaries post Ohio cannabis legalization Green Market Report: How the cannabis rescheduling delay could be a positive turn of events MJ Biz Daily (Salal Credit Union Guest Column): Rescheduling […]...READ MORE »
August 2024

CFIG Cannabis Clips Week of Friday, August 2

Cannabis News of Note for the Week: Politico Pro Cannabis: Where does weed stand on Capitol Hill? Summer break edition. (paywalled, full text below) Politico Pro Cannabis (8/2): Brown Pushing Schumer on Weed Banking (paywalled newsletter, text below) Green Market Report: Senators say they want safe banking for cannabis, but take no action Marijuana Moment: […]...READ MORE »
July 2024

CFIG Cannabis Clips Week of Friday, July 29

Cannabis News of Note for the Week: Marijuana Moment: Congressional Committee Again Blocks Amendments To Prevent Marijuana Testing Of Federal Job Applicants Green Market Report: LeafLink buys Dama Financial for undisclosed amount Cannabis Business Times: 43,000 Comments Filed on Cannabis Rescheduling Proposal as Public Period Closes Green Market Report: Cannabis legal experts emphasize uncertainty with […]...READ MORE »
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 »

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