Changes Needed to Protect Banking and Financial Services When Dealing with the Medical Marijuana Industry (PDF)

Navigating through the complex federal-state regulatory uncertainty surrounding medical marijuana are thousands of entrepreneurs seeking to establish themselves as legitimate and serious businesses in this emerging industry, the majority of which include growers, manufacturers, and dispensaries.
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The manufacturing, distribution, dispensing, or possession of marijuana, even for medical purposes, is still illegal under federal law. Navigating through the complex federal-state regulatory uncertainty surrounding medical marijuana are thousands of entrepreneurs seeking to establish themselves as legitimate and serious businesses in this emerging industry, the majority of which include growers, manufacturers, and dispensaries.

Moises Gali-Velazquez is an attorney specializing in banking and financial transactions for health care clients in Puerto Rico. The author would like to thank Shawn Mathis, a professor at the Beazley Institute of Health Law and Policy, Loyola Law School Chicago, for her guidance and support.

Article courtesy of The Banking Law Journal, Volume 133, Nos.2, 3, and 4.

Copyright 2016. Matthew Bender & Company, Inc., a member of the RELX Group. All rights reserved. Materials reproduced from The Banking Law Journal with permission of Matthew Bender & Company, Inc. No part of this document may be copied, photocopied, reproduced, translated or reduced to any electronic medium or machine readable form, in whole in in part, without prior written consent of Matthew Bender & Company, Inc.

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