Higher Law: Pennsylvania Moves to Protect Cannabis Banking | New York Targets Illicit Operators | Garfinkle Biderman, Dentons Guide Cannabis Outlets' Sale | Florida's Ag Commissioner Challenges Marijuana Gun Ban
This week's Higher Law looks at Pennsylvania's new cannabis banking and insurance law, New York's efforts to curb the illicit market, Garfinkle Biderman and Dentons' work on the purchase of Canadian cannabis stores, and the Florida agriculture commissioner's fight over marijuana and guns.
July 14, 2022 at 04:54 PM
8 minute read
Higher Law
Welcome back to Higher Law, our weekly briefing on all things cannabis. I'm Cheryl Miller, reporting for Law.com from Sacramento. Higher Law will be on summer vacation next week. See you back here on July 28.
This week we're looking at:
- A new Pennsylvania law on cannabis banking.
- New York's efforts to curb the illicit market.
- Garfinkle Biderman and Dentons' work on a sale of Canadian cannabis shops.
- A Florida fight over guns and marijuana.
Thanks as always for reading. Please keep the feedback and story ideas coming. Drop me a line at [email protected]. You can call me, too, at 916.448.2935. Follow me on Twitter: @capitalaccounts.
William Roark, of Hamburg, Rubin, Mullin, Maxwell & Lupin. Courtesy photo Pennsylvania Moves to Protect Cannabis Banking. But Will the New Law Help?
Pennsylvania Gov. Tom Wolf this week signed into law legislation aimed at offering legal protections to banks and insurers that serve licensed medical marijuana companies in the Keystone State. But don't expect a flood of banks to start hawking checking accounts and business loans to dispensaries and growers.
"The law is only as effective as the body that passes it," William Roark, chair of the medical marijuana practice at Hamburg, Rubin, Mullin, Maxwell & Lupin, said in an interview this week. "And this is a law passed by the Commonwealth of Pennsylvania, which means that the protections that it can afford are only from other laws of the state of Pennsylvania."
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