A “Growing” Industry?: Banking Regulation’s Impact on the Legal Cannabis Industry’s Growth

(Source) With the increase in the number of states legalizing cannabis for recreational or medical purposes, issues come to light surrounding the implications of the relationship between the legal cannabis industry and banks. Due to marijuana’s current illegal status under federal law, the legal cannabis industry suffers in several ways from its lack of banking

A Tale of Two Banks

The financial world is abuzz with news of the landmark sanctions the US brought against foreign banking giants UBS and HSBC. Nate Hoeschen attempts to make sense of these scandals and the apparently erratic enforcement policy they suggest.