Cannabis Compliance Services
Vanguard provides Marijuana Related Compliance Services to Financial Institutions, Cannabis Industry, and Municipalities who have Marijuana Related Businesses in their cities.
With our team of former Federal and State Regulators, Attorneys and Financial Crime Investigators, our experts are well equipped with the knowledge and experience your organization needs to be successful.
Meet The Team
A retired U.S. Navy Commander with over 33 years of experience in Intelligence. He has served as Counter Narcotics & Terrorism Liaison Officer for the U.S. Navy. He has worked U.S. and foreign military investigations as well as anti-money laundering joint-operations with U.S. Federal Law Enforcement agencies as well as International Law Enforcement agencies.
A former Chief Compliance Officer with over 25 years of financial investigations experience. As a Subject Matter Expert, Mr. Flores is highly experienced with Federal and State Regulations in matters of Compliance, with emphasis in Anti-Money Laundering. Mr. Flores has worked with Federal Law Enforcement in matters of Anti-Money Laundering due to his extensive knowledge and expertise in banking.
A former U.S. Treasury Financial Crime Enforcement (FinCEN) Global Compliance Liaison. At U.S. Treasury FinCEN, Mr. Valencia advised representatives of other countries in planning, developing, and administering their Financial Intelligence Units. Mr. Valencia is a renowned Anti-Money Laundering Subject Matter Expert and Certified Fraud Examiner.
We have successfully worked with Banks and Credit Unions regarding Marijuana Related Business customers, including dispensaries and cultivators.
The cannabis industry is arguably in its infancy, especially when we consider growth projections. Consequently, there are limited statistics specific to theft and diversion, but the threat is indeed real. At the end of the day, the market value associated with controlled substances, including cannabis, escalates risk. So what can you do? Industry players can anticipate and implement precautionary measures to mitigate losses by reviewing the details of dispensary and grower incidents. They can also take a lesson from the pharmaceutical industry; well-versed in the threats associated with Schedule I and II narcotics.
There are two keys to reducing diversion: protocol and protection. Vanguard can help your company with solutions for both.
California’s black market for cannabis is at least three times the size of its regulated cannabis industry, as California continues struggle to tame a cannabis economy that has long operated in legal limbo.
This year, an industry-backed financial audit projected that roughly $8.7 billion will be spent on unregulated cannabis products in California in 2019, compared with just $3.1 billion spent on cannabis sold by legal businesses. That's $8.7 billion dollars of un-taxed cannabis revenue.
Vanguard has successfully worked with Cities throughout California regarding Cannabis Dispensaries, Manufacturers, Delivery Services, Distributors and Cultivators. Our Anti Diversion Expertise allows us to review Cannabis Procedures and Transactions from an Audit and Anti-Money Laundering perspective which has long been our success with Banks for over 15 years.
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