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At The Podium

Banking Issues for Marijuana-Related Businesses

Oklahoma Bankers Association 2019 Annual Convention

While the manufacturing, distribution and use of marijuana for medical purposes is now legal in Oklahoma, it remains illegal under federal law, creating a myriad of concerns for the financial industry.

While speaking at the Oklahoma Bankers Association’s 2019 Annual Convention, banking attorney Bob Luttrell takes a look at how the federal Controlled Substances Act comes into play for those considering doing business with marijuana-related businesses, highlights the potential penalties for violating federal law, and reviews the current administration’s approach to enforcing the law.  The presentation also includes a review of the Secure and Fair Enforcement (SAFE) Banking Act, a bill currently making its way through Congress that is designed to create protections for depository institutions that provide financial services to cannabis-related legitimate businesses and their service providers.

May 21, 2019
Edmond, OK