User login

Cannabis Conference

Start Date: Tue, 08/27/2019 - 8:30am
End Date: Tue, 08/27/2019 - 5:30pm

Canterbury Hill Winery
Canterbury Winery,
Holts Summit, MO

Cannabis banking is an issue facing credit unions around the nation and especially our region, with final rules for medical marijuana pending in Missouri and Kansas surrounded by states with laws legalizing marijuana. Cannabis laws are rapidly changing, with federal and state agencies responding through new policies, procedures and regulations.

Hear from experts from across the country, as well as credit unions with robust cannabis banking programs already in place. We’ll give you the latest information about the impact on credit unions – and help your team feel more prepared to determine your cannabis banking policy and develop the approach that meets your needs.

Whether or not you choose to service cannabis-related businesses, this conference helps give you the information you need to help make key decisions and direction. Every employee and officer who interacts with members in your credit union will be affected either directly or indirectly in your credit union. 

Who should attend: This conference is intended to assist those in credit unions: CEOs, board of directors, legal counsel, lenders, COOs, CFOs, compliance, risk officers, and others. 

This one-day event focuses exclusively on credit unions will cover:  

  • Essential information about marijuana in the U.S.
  • Responsibilities and jurisdiction of the FDA, the USDA, the Missouri Department of Health and Senior Services and the Missouri Department of Agriculture
  • Guidance of credit union regulatory agencies
  • Outlook of legal counsel and review of considerations for credit unions wanting to serve the marijuana businesses and those attempting to avoid serving such businesses
  • Public image and reputation risk considerations

Thanks to our generous event sponsor:  Armstrong-Teasdale

8:30 a.m. Registration
9 a.m.

Welcome & Overview
HCUA Advocacy and Compliance Update:  Cannabis Banking
Lisa Althoff-Simmons, Director of Compliance, Heartland Credit Union Association 
Amy McLard, Executive Director of Advocacy, Heartland Credit Union Association

Hear an overview of advocacy updates at the federal level and information regarding compliance resources available to our members in Kansas and Missouri.

9:30 – 10:30 a.m.

Current Climate in Missouri Cannabis Rules & Regulations
Lyndall Fraker, Missouri Department of Health and Senior Services 

Lyndall will provide an overview of the state of medical cannabis, and provide discussion regarding the Missouri rules and regulations as it relates to cannabis in Missouri.

10:30 a.m. Q/A Moderated Session with Lyndall Fraker
10:45 a.m. Refreshment Break
11 – 11:45 a.m.

"Looking at Legality: Legal and Compliance Considerations Regarding Marijuana Business Accounts" Panel Discussion
Brian Knight, Executive Vice President & General Counsel, NASCUS
Armstrong-Teasdale (Sponsor Representative)

This session will focus on legal considerations and BSA/AML compliance requirements as it relates to marijuana-related business accounts and ancillary businesses that indirect work with marijuana-related businesses.

11:45 a.m. Q/A Moderated Session
12 – 1 p.m. Lunch with Sponsors and Speakers
1 – 2 p.m.

Challenges and Solutions Centered Around Credit Union Cannabis Business
Rachel Pross, Chief Risk Officer, MAPS Credit Union

Discussion regarding practices of increased due diligence and enhanced CIP.  Hear insight into a robust compliance program that relates to monitoring, reporting, record keeping, and mitigating risks of credit unions servicing marijuana-related accounts

2 p.m. Q/A Moderated Session
2:15 p.m. Break
2:30 – 3:30 p.m.

To Service or Not to Service – Checklist of Considerations
Rachel Pross, MAPS Credit Union, Chief Risk Officer
Brian Knight, Executive Vice President & General Counsel, NASCUS

With state legalization of medical marijuana, credit unions will have to decide how they want to proceed. This session will provide attendees with considerations on either side of servicing marijuana-related businesses.

3:45 p.m. Closing Remarks
4 p.m. Networking Cocktail Reception with Sponsors and Speakers


DoubleTree Hotel by Hilton
422 Monroe St
Jefferson City, MO 65101

Approx. $143/night

Baymont by Windham
319 W Miller St
Jefferson City, MO 65101

Approx. $70/night

Holiday Inn
415 W McCarty St
Jefferson City, MO 65101

Approx. $120/night


Lisa Althoff-Simmons, J.D., MBA, CUCE, BSACS, Director of Compliance, Heartland Credit Union Association
Lisa is responsible for researching issues as they relate to federal and state regulatory and legislative changes pertaining to credit unions. Prior to joining HCUA, Lisa was a practicing attorney in all matters business and corporate, including regulatory compliance related issues. She also previously served as a gubernatorial appointee leading a division within the Missouri Department of Economic Development.


Lyndall Fraker, Missouri Department of Health and Senior Services
In December 2018, Lyndall was appointed as the director of medical marijuana within the Department of Health and Senior Services and is working on the implementation of medical marijuana in Missouri. Prior to his current position, Lyndall served eight years as a member of the Missouri House of Representatives. He was first elected in 2010 and served as Chairman of the Financial Institutions, Local Government and Utility Infrastructure committees. Prior to his election to the House, he was elected Northern Commissioner of Webster County after completing a 17-year career in Wal-Mart management. The last seven of those years as store manager of his hometown store in Marshfield. Lyndall is a home builder and real estate developer in the Marshfield area. 

Brian Knight, Executive Vice President & General Counsel, NASCUS
Brian joined NASCUS in 1998 and has served as NASCUS' general counsel since 2007. In 2015, Brian was named as the executive vice president in addition to his duties as general counsel. As EVP and general counsel, he manages NASCUS' state and federal regulatory analysis, policy development and compliance guidance. The general counsel works closely with all NASCUS' departments, the CEO and the board. Brian also oversees NASCUS' legislative advocacy, professional development, and accreditation and state programs staff. He also serves as the staff liaison to NASCUS' Legislative and Regulatory Affairs Committee and the liaison to numerous state regulator working groups and task forces addressing critical policy issues, often in partnership with their federal counterparts.

Amy McLard, CUDE, Executive Director of Advocacy, Heartland Credit Union Association
Amy McLard is responsible for HCUA’s overall advocacy efforts - including lobbying, PAC fundraising, grassroots outreach and strategic advocacy planning on both the state and federal level. A former award-winning television news reporter for NBC, CBS and ABC affiliates, Amy has worked on behalf of credit unions since 2001 and became a Credit Union Development Educator (CUDE) in 2011.


Rachel Pross, Chief Risk Officer, MAPS Credit Union
Rachel Pross is the chief risk officer of Maps Credit Union and has been with the organization since 2016. She provides strategic leadership for the Risk division of Maps, which encompasses regulatory compliance, security, audit, enterprise risk management, governmental affairs, accounting, finance, IT, and cybersecurity.  She also directly oversees Maps' transparent and robust cannabis banking program-- the largest in the State of Oregon-- which has been operational since 2014.


Clint Armistead, 800.392.3074, x1321.
For registration questions or dietary and special assistance: Sharon Bahr, 800.392.3074, x1342.