Banking / FinTech
Cannabis Compliance Monitoring Program
The ADCOCloud is the new frontier of cannabis business license compliance program management for financial institutions. Transitioning to the ADCOCloud service is a reliable, no-cost* solution to proactively manage cannabis business account holders.
For more than 5 years, Adherence Compliance has helped financial institutions securely manage cannabis compliance programs. ADCOCloud services enable banks and credit unions to quickly implement no-cost programs, obtain the compliance data and gain insight needed to manage effective, data-driven compliance programs ready for regulatory scrutiny.
Here’s how it works:
Review Cannabis Regulatory Compliance Program
Up to 2-hours of program kick-off and review meetings
Review of regulatory code set in ADCO Cloud platform
Launch Cannabis Compliance Program for Licensed Operators
$99 per month paid by each licensed operator
Quarterly & Annual inspection & attestation reports due from operators
Quarterly inventory reviews for cannabis tracking & reconciliation
Receive Compliance Report Cards from each Licensed Operating Account Holder
Monthly, Quarterly and Annual program statistics
Top violations, failure patterns, inventory analysis & more
Download our Cannabis Banking Compliance Guide!
Our proven 5-step Cannabis Banking Compliance Program is an integrated inspection and monitoring system for effective reporting and regulatory reviews of operational cannabis accounts.
Learn how you can implement an effective, low-cost compliance program without hyper-expensive add-on software.
Effective Methods to Manage Your
Cannabis Compliance Program:
Cannabis Banking Compliance Training Course
$10,000 per course
8-hour online course reviewing AML, BSA, FinCEN and regulatory requirements
Includes 5-step Compliance Program Framework and program analysis
Remote Cannabis Compliance Inspection
$950 per inspection
2-hour online inspection conducted by Adherence Compliance Inspectors
30-minute online review of Compliance Report Card with regulatory agency
Onsite Cannabis Compliance Inspection
$2,500 per inspection
2-hour onsite inspection conducted by Adherence Compliance inspectors
30-minute online review of Compliance Report card with regulatory agency
Cannabis Compliance Program Management
$1,950 per month
5-hours per month w/ weekly 1-hour Cannabis Compliance Program Meetings
Preparation and review for annual regulator inspection criteria
*Base program costs are paid for by licensed business account holders. Additional program costs may vary.