John Vardaman

John Vardaman

Executive Vice President and General Counsel

Hypur Inc.

John W. Vardaman, III is Executive Vice President & General Counsel of Hypur, Inc., a technology company that enables financial institutions to transparently and profitably service cash-intensive businesses, including state-legalized marijuana businesses and money service businesses.

Mr. Vardaman is an attorney with fifteen years of senior federal government experience in the enforcement and application of federal laws and policies concerning money laundering, the Bank Secrecy Act, and other financial crimes.

From 2006 to 2016, Mr. Vardaman worked at the Department of Justice, first as Senior Counsel in the Office of Legal Policy, and then as Assistant Deputy Chief in the Asset Forfeiture and Money Laundering Section. In 2014, Mr. Vardaman drafted the DOJ policy regarding marijuana banking, known as the Cole Memorandum, which explains how banks can permissibly service marijuana-related businesses.

From 2001 to 2006, Mr. Vardaman served as Special Assistant to the General Counsel at the Department of the Treasury. Following the 9/11 terrorist attacks, Mr. Vardaman was involved in the effort to combat terrorist financing, including working with other countries to identify and freeze terrorist assets.

Mr. Vardaman received his undergraduate degree from Vanderbilt University in 1993, and his law degree from Georgetown University in 1997.

BREAKOUT: Marijuana, Industrial Hemp and Cannabidiol (CBD):The State of the Law


State versus Federal, recreational versus medicinal, CBD derived from marijuana or hemp, the confusion in the law has led most banks to determine that it is too risky to bank marijuana related businesses or process marijuana related transactions. The panel will attempt to demystify the issue and provide insight into how to truly evaluate the […]

Issues & Trends Legal & Regulatory