Understanding Cannabis Banking in Illinois

This one‑hour seminar provides a practical overview of how cannabis businesses can navigate the unique banking landscape in Illinois. Participants will learn why cannabis banking remains complex at the intersection of state legality and federal restrictions, and how Illinois‑licensed financial institutions manage compliance, risk, and reporting requirements. The session will cover key regulatory frameworks, what banks look for when working with dispensaries and cultivators, and the documentation and transparency expectations placed on cannabis operators. Attendees will leave with a clearer understanding of available banking options, common challenges, and best practices for establishing and maintaining compliant financial relationships within Illinois’s regulated cannabis market.

Led by Florence Hardy, Florence Hardy Law & WBDC Facilitator/Advisor
Guest Speaker: Kristin Stowe, Director of Cannabis Sales, Credit Union 1