Skip to Main Content
Services Talent Knowledge
Site Search
Menu

News

March 26, 2021

Aleece Burgio Quoted in WBEN Article on Banking Challenges Facing the Cannabis Industry

Aleece Burgio, Cannabis Team leader, was interviewed for WBEN’s article “Banking Still a Major Hurdle for Cannabis Industry” regarding the cannabis industry’s inability to work with banks. Due to the federal prohibition of marijuana, banks cannot work with the cannabis industry. While it is risky for banks to do business with the cannabis industry, more banks on the East Coast are starting to take risks. On March 23, 2021, a bill to create protections for financial institutions that provide financial services to cannabis-related businesses was introduced in the US Senate.

“What this bill would do is give the guidance necessary for banks to be comfortable in accepting marijuana money so there’s more protections in place for workers,” Aleece said.

Click here to read the full article.

Subscribe

Click here to sign up for alerts, blog posts, and firm news.

Featured Media

Alerts

New York Appellate Court Addresses Application of Breach of Contract Exclusion in Insurance Coverage Dispute

Alerts

Website Accessibility Lawsuits: Several "Tester" Plaintiffs—Nathalie Reyes, Aisha Raheel, Simon Isakov, Amanie Riley, and Victor Andrews—Targeting Businesses in Recent Flurry of Lawsuits

Alerts

Website Accessibility Lawsuits: Several "Tester" Plaintiffs—Sandra Ford, Z'Leah Liburd, Livingston Bennett, Brandi Major, and Joshua Espinal—Targeting Businesses in Recent Flurry of Lawsuits

Alerts

Year-End Focus for 403(b) Plan Sponsors: Two Critical Document Deadlines and Typical Year-End Compliance Review

Alerts

Second Circuit Reverses Award of Attorney's Fees in Coverage Dispute Between Liability Insurers

Alerts

Federal Court Narrows Scope of Insurers' Privilege Claims in COVID-19 Coverage Litigation