Banking Experts to Speak at Hemp Business Summit
Hemp is legal, so why are hemp-related businesses struggling to find reliable banking partners? Todd Van Hoose, Melissa Marsal, and Sundie Seefried will deliver everything you need to know about banking and farm credit for your hemp business at the 2021 Hemp Business Summit — presented by the National Industrial Hemp Council. They will discuss how to find the right bank, review the risks hemp-related businesses take by banking with some institutions, and more.
Van Hoose is president and CEO of the Farm Credit Council, where he leads the national trade association’s efforts to represent the Farm Credit System’s interests before Congress, the administration, and various federal regulatory agencies. He also serves on a variety of leadership bodies within Farm Credit, including the presidents’ Planning Committee and the Business Practices Committee.
Marsal is the chief operating officer of West Town Bank & Trust and has been with the bank for over a decade. In addition to overseeing all aspects of Operations, she’s responsible for helping the Bank build a program uniquely tailored to the challenges of hemp-related businesses. Marsal and her team of Commercial Account Service specialists are dedicated to designing cash management solutions for the bank’s business customers. Through the bank’s partnership with RiskScout, Inc., Marsal’s team helps to provide a first-class onboarding and client experience that reduces the time to open a bank account from weeks to a matter of hours.
Seefried is presently the CEO of Safe Harbor Financial, located in Denver, Colorado. She is the former CEO of Partner Colorado Credit Union and recently retired from her credit union career of 38 years to focus her full attention on cannabis banking. She holds a Bachelor’s in Business Management from the University of Maryland and an MBA in Finance from Regis University.
Instead of heading into retirement at the end of 2014, she designed a full scope cannabis banking program known as the Safe Harbor program, which has withstood the scrutiny of 15 federal and state exams to date. The credit union now banks in excess of $300 million per month of cannabis-related funds; having now banked in excess of $8 Billion since inception.
Learn more about the 2021 Hemp Business Summit visit hempindustrial.com/our-events/2021-hemp-business-summit.