Background reading on banking issues for the marijuana industry
As mentioned in prior posts here and here, students in my marijuana law school seminar spend the last few weeks of class presenting readings and leading discussions concerning the research topic(s) that are the focal point for their class project(s). This week, one of the presentations will be focused on “baking issues pertaining to the marijuana industry, why there has been little movement on these issues, and why these issues may not be that bad for the banks and the marijuana retailers.” Here are some background on these topics:
-
FinCEN – Feb. 14, 2014 Guidance: “BSA Expectations Regarding Marijuana-Related Businesses”
-
Introduction (pp. 1-7) of Julie Andersen Hill article, “Banks, Marijuana, and Federalism”
-
Planet Money – Big Weed: NPR audio file (relevant material is from 0:01 – 13:00 minutes; last seven minutes discuss marijuana private equity firms and the Canadian medical marijuana system)