Marijuana: An Unbanked Industry
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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.
|4:00 – 4:15PM||FILM SCREENING|
|4:15 – 5:15PM|| ROUNDTABLE DISCUSSION
Matt Wood, Director, Film and Photography, The Federalist Society
Julie A. Hill, Professor, University of Alabama School of Law
John Hudak, Deputy Director, Center for Effective Public Management, and Senior Fellow, Governance Studies, Brookings Institution
Jeffrey Miron, Director, Economic Studies, Cato Institute
George Selgin, Director, Center for Monetary and Financial Alternatives, Cato Institute