Oren Bitan and Richard Ormond discuss “Banking Issues in the Cannabis Industry: Managing Risk under State and Federal Law” at Western Bankers Association 2022 Annual Conference on April 26, 2022.
More and more states are legalizing the medicinal or recreational use of marijuana. The new administration in Washington is expected to take a more favorable view of the marijuana business than the Federal government has done in the past. The House’s passage of the SAFE Act and the MORE Act may be further signs of changes to marijuana banking rules. This program will examine the current state of cannabis banking laws, and likely future developments.