Banks Get Exposed by New York’s Unlicensed Cannabis Dispensaries
Canna Law Blog
SEPTEMBER 12, 2023
Major banks like JPMorgan Chase and Wells Fargo, as well as landlords such as BentallGreenOak and Ashkenazy Acquisition Corp., While cannabis consumption is legal at the state level in New York, it remains illegal at the federal level. Banks that have financed properties with unlicensed cannabis tenants could also face repercussions.
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