Marijuana Banking in New York and Around the U.S.: 'Swim at Your Own Risk'

Abstract

Today, banking in any way relating to marijuana is a violation of federal law. Conflicting laws and guidance from the federal and state governments threatens the welfare and success of a billion-dollar industry. Analyzing the current marijuana banking laws, regulations, and practices in New York and around the US provides a glimpse into an industry suffocating from public pressures and overpowering economic tides. To protect and uphold the integrity of our government and the agencies it deems controlling, the federal government must reform marijuana banking.

Keywords: Marijuana, Banking, Economy, Regulation, Law