Federal Rescheduling and the Start of the Long Collapse of the Cannabis Industry’s Banking and Insolvency Paradox

For nearly three decades, the American cannabis industry has existed in a condition that can only be described as legally schizophrenic. States have licensed, taxed, regulated, insured, zoned, audited, and in some cases rescued cannabis businesses, while the federal government has simultaneously insisted that every dollar generated by those same businesses is derived from criminal activity...... By: Buchalter