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[Webcast] Cannabis Industry Update: Weeding Through the Insights and Opportunities

Event Description

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​Cannabis Industry Update: 
Weeding Through the Insights and Opportunities
Tuesday, May 18 | 4:00 PM - 5:00 PM ET

Some are comparing the legalization of cannabis to the end of Prohibition and there is no shortage of large and small green entrepreneurs racing to claim their stake in what Grand View Research estimates to be a $66 billion industry by the year 2025. However, are the people, the local, state and federal governments and financial markets ready for this billion-dollar green economy?

We invite you to join us as Kristoffer Inton, Director of Basic Materials Equity Research at Morningstar moderates a discussion with Daniel Stipano, Partner, Davis Polk & Wardwell Financial Institutions Group, Lauren Kohr, SVP Chief Risk Officer, Old Dominion National Bank and Jaret Seiberg Washington Research Group, Financial Services, Cowen Investment Management as they discuss the future of the cannabis market. We’ll review various state, federal and non-US cannabis laws, current and upcoming legislation reform efforts, potential regulatory and enforcement risks and investment opportunities and risks.

Topics to be discussed:

  • Reviewing various state, federal and non-US cannabis laws – where are we and where are we going?
  • Learn how marijuana proceeds move via alternative payment systems through financial institutions. Which aspects of Banking and/or FinTech can/will participate?
  • Current and upcoming legislation reform efforts, recent industry guidance, and what may change under the new administration.
  • Potential regulatory and enforcement risks associated with offering financial services to cannabis-related businesses (CRBs), and best practices for mitigating those risks.
  • Navigating the regulatory complexities for the cannabis industry.
  • How to recognize investment opportunities and risks.
  • What are the return expectations over the next 5 years?
Speakers:
Lauren A. Kohr.png
VP, Senior Vice President, Chief Risk Officer, 
Old Dominion National Bank

Ms. Kohr’ s background includes more than fourteen years of experience in the financial sector with significant experience in BSA/AML and OFAC compliance. Currently, Ms. Kohr serves as the Senior Vice President, Chief Risk Officer and BSA Officer at Old Dominion National Bank (ODNB) in Tysons Corner, VA where she is responsible for Old Dominion’s enterprise risk management program, including leading the bank’s AML/BSA and OFAC program. Prior to her role at ODNB, Ms. Kohr served as a Senior Manager over AML/BSA governance and policy at Pentagon Federal Credit Union (PenFed) in Alexandria, VA. At PenFed, Ms. Kohr was responsible for several aspects of the BSA Compliance program including risk assessments, policy/procedures, AML/BSA governance, quality assurance, merger and acquisition due diligence, and overall operational compliance. Prior to PenFed, she was the VP/Director of AML/BSA/OFAC at Metro Bank in Harrisburg, PA. During this time, she was responsible for developing, implementing and overseeing all aspects of the Bank Secrecy Act Compliance Program, including USA Patriot Act, Anti-Money Laundering, and OFAC regulations. Ms. Kohr is continuously recognized as a technical expert on the Bank Secrecy Act and a complex financial crimes subject matter expert with particular strengths in BSA/AML compliance and program management, governance, process improvement/ implementation and quality assurance/audit reviews.

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Jaret Seiberg
Managing Director, Washington Research Group, Financial Services, 
Cowen Investment Management

Jaret Seiberg is the financial services and housing policy analyst for Cowen Washington Research Group, which has been routinely recognized by Institutional Investor among the top macro policy teams. Before joining Cowen in August 2016, he served in similar roles at Guggenheim Securities, MF Global, Concept Capital and Stanford Financial Group. He began following financial policy in the early 1990s as a journalist covering efforts in Congress to complete the last of the laws from the savings and loan crisis. He tracked the merger wave of the 1990s and Glass-Steagall repeal in 1999 as the deputy Washington bureau chief for American Banker and as the Washington bureau chief for The Daily Deal. His bailiwick at Cowen includes issues related to commercial banks, housing, payments, investment banking, M&A, taxes, the CFPB, crypto currency, cannabis and Capitol Hill. Mr. Seiberg has a BA from The American University and an MBA from the University of Maryland at College Park. He speaks regularly at industry events, is often quoted in the media, and appears on CNBC and Bloomberg TV.

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Partner, 
Davis Polk & Wardwell Financial Institutions Group

Mr. Stipano is a partner in Davis Polk's Financial Institutions Group, based in the Washington DC office. His practice includes representing clients in state, federal and foreign banking enforcement actions, and providing assistance in establishing, maintaining and monitoring Bank Secrecy Act and anti-money laundering compliance programs.

Mr. Stipano’s extensive bank regulatory and enforcement experience includes more than 30 years at the Office of the Comptroller of the Currency (OCC). As Deputy Chief Counsel from 2000 to 2016, he oversaw the OCC’s major enforcement actions up until the time of his departure. He also played a key role in significant BSA/AML rulemakings and policy issuances following the enactment of the USA PATRIOT Act. From 1995 to 2000, Mr. Stipano served as Director of the OCC’s Enforcement & Compliance Division.

Moderator:

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Kristoffer Inton
Director,
Morningstar Research Services LLC

Kristoffer Inton is director of equity research, basic materials for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers cannabis, gold, and uranium companies. 

Before joining Morningstar in 2013, Inton was an investment banking associate for Guggenheim Securities in New York. Previously, he was an investment banking analyst for Merrill Lynch in Chicago and New York. 

Inton holds a bachelor’s degree in finance with high honors from the University of Illinois and a master’s degree in business administration with distinction from Northwestern University’s Kellogg School of Management.

Qualifications: I hr Professional Learning | CFA Institute Competency Framework Skill = Industry Awareness + Regulatory Compliance

Event Type

Educational

Education Topic

 

Start Time

5/18/2021 4:00 PM

End Time

5/18/2021 5:00 PM

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Virtual

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Event Country

 

Event Region

Americas

Location Info

 

Speaker

 

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0.00

Currency

USD

Member Price

25.00

Non-Member Price

45.00

Candidate Price

45.00

Registration

Click here to register

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We encourage members of other CFA Societies to attend this event at the CFAW Member Rate. Please contact events@cfawashington.org with any questions. 

Refund Policy

Cancellations and Refund Requests
  • Cancelations must be made in writing and emailed to events@cfawashington.org on or before 5 business days prior to the event
  • No refunds will be processed after 5 pm ET, 5 business days prior to the event.
  • A $25 administrative fee will be applied to all cancellations.
  • Refunds will not be issued for no shows.

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5/18/2021 4:00 PM

Attachments

Content Type: MyCFA Calendar
Version: 5.0
Created at 3/15/2021 11:42 AM by serena.roche@gmail.com[CASMSTS:username]
Last modified at 3/18/2021 7:19 AM by Jennifer.fromen@gmail.com