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

April 2024

CFIG Cannabis Clips Week of Friday, April 12

Cannabis News of Note for the Week: Politico Pro: McHenry, Waters, Schumer discuss attaching stablecoins, cannabis banking to FAA(paywalled, full text below) Politico Pro Cannabis (4/10): CALIFF FACES HEMP QUESTIONS AT OVERSIGHT HEARING/SAFERCOIN? (paywalled newsletter, text below) Marijuana Moment: FDA Head Says There’s ‘No Reason For DEA To Delay’ Rescheduling Marijuana Green Market Report: US...READ MORE »
April 2024

CFIG Cannabis Clips Week of Friday, April 5

Cannabis News of Note for the Week: WSJ: The Big Problem for Marijuana Companies? What To Do With All That Cash (paywalled, full article attached) Marijuana Moment: Schumer Says Passing Marijuana Banking Bill Is Part Of The Senate’s ‘Busy Agenda’ In The ‘Weeks And Months Ahead’ Green Market Report: Small cannabis firms get squeezed as […]...READ MORE »
March 2024

CFIG Cannabis Clips Week of Friday, March 29

Cannabis News of Note for the Week: Cannabis Business Times: Delaware Lawmakers Introduce Bill to Protect Financial Entities Serving Cannabis Industry Politico Pro Cannabis: House Republican policy group opposes cannabis banking bill (paywalled article, full text below) Punchbowl News AM (3/27): An ambitious Senate agenda — if the GOP will help (newsletter, text of note […]...READ MORE »
March 2024

CFIG Cannabis Clips Week of Friday, March 15

Cannabis News of Note for the Week: Politico Pro Cannabis (3/22): Yellen Welcomes Cannabis Banking Legislation (paywalled newsletter, text below) Marijuana Moment: Schumer Circulates Petition For Marijuana Banking Bill As Pressure Builds For Vote Marijuana Moment: Top Democratic Senator Calls Marijuana Banking Bill A ‘High Priority’ Amid Growing Calls For Reform Cannabis Wire Daily (3/22): […]...READ MORE »
March 2024

CFIG Cannabis Clips Week of Friday, March 15

Cannabis News of Note for the Week: Politico: Taxes, cannabis banking, drug prices: What Senate Dem incumbents hope to tackle next Reuters: No one should go to jail for ‘smoking weed,’ VP Harris says at White House Politico Pro Cannabis: HHS secretary defends scientific rigour of cannabis review on Capitol Hill (paywalled article, full text […]...READ MORE »
March 2024

CFIG Cannabis Clips Week of Friday, March 8

Cannabis News of Note for the Week: Benzinga: One Of America’s Biggest Banks Spearheads Cannabis Support With $1M Credit Line (CFIG Member First Citizens Bank Mention) Marijuana Moment: Schumer Touts ‘Very Productive’ Marijuana Banking Talks With House, And Top Sponsor Says Bill Has ‘Momentum’ To Pass ‘This Year’ Marijuana Moment: Biden Promotes Marijuana Reform In […]...READ MORE »
March 2024

CFIG Cannabis Clips Week of Monday, March 4

Cannabis News of Note for the Week: Politico Pro Cannabis: Guns, weed and banking: The legislative trio nobody expected (paywalled, full text below) Punchbowl News’ The Vault (3/3): McConnell’s retirement is just the latest shakeup for cannabis reform(paywalled newsletter, text below) Punchbowl News’ The Canvas (3/3): Hill aides don’t think credit card reform is happening […]...READ MORE »
February 2024

CFIG Cannabis Clips Week of Friday, February 23

Cannabis News of Note for the Week: Politico Pro Cannabis (2/23): Approps Watch (paywalled newsletter, text below) Cannabis Wire Daily (2/21): Bank of Guam says it will start working with cannabis (paywalled newsletter, text below) Politico Pro Cannabis (2/21): California Launches Data Portal (paywalled newsletter, text below) CRB Monitor News: $17M Eaze Penalty Casts Dark […]...READ MORE »
February 2024

CFIG Cannabis Clips Week of Friday, February 16

Cannabis News of Note for the Week: Politico Pro: Luetkemeyer: Cannabis banking negotiations over gun shop protections ‘down to just the last few words’ (paywalled article, full text below) Politico Pro Cannabis (2/14/24): How to Make Licensing Work Better (paywalled newsletter, text below) Cannabis Wire Daily (2/15/24): A standard for cannabis security (paywalled newsletter, text […]...READ MORE »
February 2024

CFIG Cannabis Clips Week of Friday, February 9

Cannabis News of Note for the Week: Punchbowl News: K Street is skeptical banking, credit card bills will get done (paywalled newsletter, text below) Marijuana Moment: Biden Administration Official Disputes Rumors Of Imminent Marijuana Scheduling Decision Amid Heightened Speculation Cannabis Business Executive: Who Do You Call to Sniff Out Bad Cannabis Actors? Green Market Report: […]...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