Cannabis Firms, Skittish Banks Could See Post-Election Relief
Bloomberg spoke to Ballard Spahr white collar litigator Peter Hardy for an article about the intricacies that financial institutions face when doing business with marijuana companies. Mr. Hardy leads the firm’s Anti Money Laundering practice.
"The Treasury Department's Financial Crimes Enforcement Network is reviewing its own guidance for financial institutions that work with pot companies," Mr. Hardy said. “We do know that the Justice Department hasn't aggressively gone after marijuana businesses complying with state laws."