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: John Hudak
The betting was that law-and-order Attorney General Jeff Sessions would come out against the legalized marijuana industry with guns blazing. But the task force Sessions assembled to find the best legal strategy is giving him no ammunition.
LOS ANGELES, Jan. 12, 2016 /Weed Wire/ — More than 200 high net-worth investors from around the world will gather in Los Angeles, CA at the Arcview Investor Forum next week to hear pitches from dozens of promising cannabis companies in a “Shark Tank” like forum.
More than 200 high-net worth investors from around the world, eager to invest in the fastest growing industry in America will gather at Loews Hollywood Hotel for a two day “Shark Tank”-like pitch forum on Tuesday, January 17th and Wednesday, January 18th, hosted exclusively for members of The Arcview Investor Network.
Tom Price is one of the most consistently anti-marijuana members of Congress, voting against a number of marijuana proposals before the House in recent years.
On June 16, 2016, the Brookings Institute published “Worry about bad marijuana—not Big Marijuana,” a paper by John Hudak and Jonathan Rauch that argues against the mindset of “Big Marijuana” alarmists.