May 04, 2026|Press

Richard Ormond Quoted in Global Finance “Cannabis Policy Shift in US Doesn’t Move the Money”

“I don’t think the banking landscape will change that much at this time,” said Richard Ormond, a partner at Los Angeles-based law firm Buchalter, capturing the industry’s central tension as financial institutions stay on the sidelines.

“Things will remain cautious as the majority of businesses, particularly in California, really focus on recreational use rather than just medical use,” Ormond predicted.

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