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Banking the Cannabis Industry

Banking the Cannabis Industry

Banking the cannabis industry is often complicated due to the federal prohibition on all forms of cannabis, while states, in particular New York, are adopting medical and recreational cannabis. In particular, it is crucial to understand how illegality is evaluated by regulators, the differences between medical and recreational cannabis banking, and how to weigh the risks and rewards.

Partner Matt VanDerbeck introduces the complex relationship between the banks and the cannabis industry. A copy of his full presentation may be downloaded below.

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