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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?

INVESTMENT EXPERTS PREDICT EXPLOSIVE YEAR FOR CANNABIS

Investment Experts Predict Explosive Year for Cannabis

Although the legal cannabis industry is still in its infancy, it’s already delivering tremendous results. According to tech financial guru Michael A. Robinson, the cannabis industry has been one of the fastest growing sectors in the stock market.


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