Current Legal Landscape For Marijuana Still Tricky
Ross Reynolds interviews Hal Snow, the head of cannabis practice at the law firm Garvey Schubert Barer. It’s legal to buy and sell marijuana in some states, but the legal picture is far from clear. Cannabis is still illegal under federal law, although tolerated by the attorney general as long as states follow certain rules. But that makes most bankers leery about providing financial services to marijuana businesses. Will a new president and Congress in January 2017 change the picture?