U.S. banks still assume responsibility when dealing with the Department of Justice. In short, a marijuana ETF's bank custodiancould face legal troubleas a result of banking laws at the federal level because of its classification as a controlled substance. ...
Marijuana began its long and continuing journey to legalization when California voters passed Proposition 215, allowing for the medical use of marijuana. Since this ruling, 32 states, Washington D.C., and Puerto Rico have made moves to enact similar legislation and approval for comprehensive public ...