Michael Rave

Michael Rave

June 20, 2019 | New Jersey Law Journal

Banking the Marijuana Business: Legal or Not?

Due to marijuana's illegality under federal law, any financial institution that provides banking services to a marijuana related business is engaging in money-laundering. Those banks that have chosen to work with the marijuana industry have been operating under a semi-official set of rules.

By Michael Rave and Megan Bedell

9 minute read