Profile image
By The Cato Institute Event Videos
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Marijuana: An Unbanked Industry

Friday, May 11, 2018 12:51
% of readers think this story is Fact. Add your two cents.

Marijuana is big business in the 29 states that have legalized medical cannabis and in several more that have legalized recreational use. However, the federal prohibition on marijuana prevents banks from serving legitimate marijuana clients—resulting in billions of dollars of marijuana-related profits being handled almost exclusively in cash. A new Federalist Society short documentary, “Medical Marijuana and Money Laundering,” tells the story. Join us May 10 for a screening followed by a roundtable discussion. We will explain the laws that create this peculiar situation, explore the problems it causes, and hash out some potential solutions.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Total 1 comment
  • Hayduke


Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.