Tag Archives: Cato Institute

Medical Marijuana and Money Laundering

Medical Marijuana and Money Laundering

Medical Marijuana and Money Laundering

Medical marijuana may be legal in many states, but federally, it is still illegal. This means that banks run the risk of being charged with money laundering or other crimes for working with what the federal government considers an illicit activity. This creates a precarious situation where billions of dollars of state-licensed marijuana profits are handled almost exclusively in cash. What are the laws the set up this framework? What problems does this create? What is the solution?

Enterprise

Black Enterprise and Marijuana

The idea of reparations has a lot of moral suasion. But the task of repairing the grievous harm caused by the misguided “War on Drugs” and much of the other 200 years of American history will take more than one approach, more a smorgasbord than a silver bullet.


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