Tag Archives: Legalized Marijuana Guidance

Blunt Talk on Marijuana Banking in New Jersey

On Wednesday, October 11, 2017, Reed Smith Princeton attorneys Travis Nelson and Kristy Keiser will lead a discussion at the quarterly meeting of the Banking Law Section of the New Jersey State Bar Association. In addition to the meeting’s regularly scheduled agenda items, including planning for future CLE programs, and discussion of recent and pending … Continue Reading

Legalized Marijuana Guidance Leaves Some Banks Dazed and Confused

Last week, the Financial Crimes Enforcement Network (“FinCEN”) issued new guidance in response to several states passing legislation to legalize marijuana for medical purposes, and in some states, for recreational purposes as well. This has left many financial institutions scratching their heads as to how to comply with the Bank Secrecy Act (“BSA”), which requires … Continue Reading
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