Cadwalader Cabinet launched the Cannabis Finance Topic Page to help financial institutions stay abreast of the rapidly evolving area of cannabis-related banking and investment. Click here to obtain free access.
Because the sale of cannabis is illegal under federal law, revenue from such sales constitutes the proceeds of a crime for purposes of federal Anti-Money-Laundering statutes. The market for cannabis and related services is burgeoning, but the differing federal and state treatment of cannabis creates legal uncertainties for financial institutions.
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