Film Screening 

# *Marijuana: An Unbanked Industry*

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Date and Time 

May 10, 2018 4 - 5:15 PM EDT 

Location 

Hayek Auditorium, Cato Institute 

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##### Featuring 

![Matt Wood](/sites/cato.org/files/styles/author_picture/public/2024-03/matt-wood.jpeg?itok=kEvG6bZT) 

Matt Wood 

Director, FedSoc Studios

![Julie Hill circle](/sites/cato.org/files/styles/author_picture/public/2025-08/julie-hill-circle.jpeg?itok=KowCacUZ) 

Julie Hill 

University of Wyoming College of Law

John Hudak 

[![j-mironcropped.jpg](/sites/cato.org/files/styles/author_picture/public/2021-04/j-mironcropped.jpg?itok=dkHQXJBB)](/people/jeffrey-miron) 

[Jeffrey Miron](/people/jeffrey-miron)

Director, Graduate and Undergraduate Studies, Department of Economics at Harvard University

[ 

](https://x.com/jeffreyamiron) [ 

](mailto:jmiron@cato.org) 

[![George Selgin](/sites/cato.org/files/styles/author_picture/public/2021-01/George%20Selgin.jpg?itok=daUqyD5g)](/people/george-selgin) 

[George Selgin](/people/george-selgin)

Former Senior Fellow and Director Emeritus, Center for Monetary and Financial Alternatives, Cato Institute

[ 

](https://x.com/GeorgeSelgin) [ 

](mailto:gselgin@cato.org) 

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.

## Schedule

| 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 |
| 5:15PM | **RECEPTION** |

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