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?
Tag Archives: Cato Institute
This November’s election could be a decisive turning point in the struggle to end U.S. marijuana prohibition. It’s been a long time coming.
With recent passage of legislation around the country legalizing the production, sell and possession of marijuana – medical and recreational – the business is booming.
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.