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House Takes Historic Step to Validate Marijuana Industry Under Federal Law

by R.J. Lehmann
Sept 26, 2019
Print
issues: Cannabis Banking, Federal Government Affairs, Finance and Trade
originally published in Rolling Stone
From Rolling Stone:

The size of the state-legal cannabis market — projected to grow to $30 billion by 2025 — is getting too big for banks to avoid risk under current law, argues senior fellow R.J. Lehmann: “It’s so large that even banks that have eschewed the business can’t help but be enmeshed in it,” he writes. “Whenever a mortgage is written for an electrician who did work for a dispensary, there is a nexus with this gray market.”

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