---
title: Customer Due Diligence for Marijuana-Related Businesses
description: BCC offers online banking regulations - Marijuana-Related Businesses- Customer Due Diligence for Marijuana-Related Businesses
---

[Banker's Compliance Consulting Blog ](https://blog.bankerscompliance.com/en)

# [Customer Due Diligence for Marijuana-Related Businesses](https://blog.bankerscompliance.com/en/customer-due-diligence-for-marijuana-related-businesses)

 Written by [Kevin Edwards](https://blog.bankerscompliance.com/en/author/kevin-edwards) | Jan 19, 2021 1:29:28 PM

In case you missed it Arizona, Mississippi, Montana, New Jersey and South Dakota voted to legalize recreational marijuana during the last election cycle.  This adds to the growing list of [States that have already done so](https://www.businessinsider.com/five-states-voting-on-marijuana-legalization-in-november-2020).  If you don’t currently bank marijuana-related businesses (MRBs), we believe it’s only a matter of time before you are faced with this decision because even if your state hasn’t legalized recreational marijuana, you likely border a state that has or will in the near future.

Banking MRBs obviously increases your risk-profile, but implementing appropriate customer due diligence procedures and processes can help you mitigate and manage that risk.

**Listen how Kevin explained this in a recent webinar.**

If you’d like to learn more we have a “[BSA/AML and Cannabis](https://store.bankerscompliance.com/#/product/ca0a96ff-1f87-4dcf-a451-de002ad9f18a?searchFilter.keyword=)” webinar coming up on February 18, 2021.  Some of the topics we will cover include:

- New Guidance From FinCEN on Banking Cannabis Producers
- What Was Updated & What Should You Do?
- Hemp, CBD and Marijuana… Know The Difference
- Enhanced Customer Due Diligence Expectations
- How To Appropriately Address Cannabis in YOUR Risk Assessment
- What Should You Be Doing Differently Before Your Next Examination?

[Register HERE!](https://store.bankerscompliance.com/#?keyword=cannabis&type=)

Find all [BSA Resources HERE!](https://www.bankerscompliance.com/regulations-we-cover/the-bank-secrecy-act-bsa/)

Published  
2021/01/19

[View full post](https://blog.bankerscompliance.com/en/customer-due-diligence-for-marijuana-related-businesses)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Kevin Edwards"
  },
  "dateModified" : "2022-02-23T15:41:57.110Z",
  "datePublished" : "2021-01-19T13:29:28Z",
  "headline" : "Customer Due Diligence for Marijuana-Related Businesses",
  "image" : {
    "@type" : "ImageObject",
    "height" : 463,
    "url" : "https://fs.hubspotusercontent00.net/hubfs/21201105/Imported_Blog_Media/Screen-Shot-2021-01-19-at-1_28_19-PM.png",
    "width" : 824
  },
  "mainEntityOfPage" : "https://blog.bankerscompliance.com/en/customer-due-diligence-for-marijuana-related-businesses",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60.0,
      "url" : "https://fs.hubspotusercontent00.net/hubfs/21201105/Bankers_Compliance_Consulting_Logo%20copy%202.jpg",
      "width" : 310.30304
    },
    "name" : "Banker's Compliance Consulting Blog"
  }
}
```