Confronting the Banking Dilemma for State-Licensed Marijuana Businesses in the United States
Troutman Peppers’ Richard M. Pollak and Marashlian & Donahue PLLC’s Tenzin GGT coauthored a three-part series published in Secured Finance Network about the banking dilemma for state-licensed marijuana businesses in the united states. The three-part installment analyzes the conflict between federal and state marijuana laws and its impact on the inability of state-legal marijuana businesses to obtain traditional and fundamental types of banking services from federally insured banks.
Read the Series:
Part I: Confronting the Banking Dilemma for State-Licensed Marijuana Businesses in the United States provides an explanation of the conflict of state and federal marijuana laws.
Part II: Confronting the Banking Dilemma for State-Licensed Marijuana Businesses in the United States identifies some of the legal considerations that are preventing banks from providing even the most basic services to state-legal marijuana businesses.
Part III: Confronting the Banking Dilemma for State-Licensed Marijuana Businesses in the United States analyzes congressional and judicial attempts to resolves the conflict between state and federal marijuana laws.