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Will Congress Clear the Haze on Cannabis Finance in 2019?
April 12, 2019 | Issue No. 24

Bank lenders have, to some extent, been shielded from asking the difficult questions about cannabis finance because federal money laundering statutes have so far answered those questions for them. In a December article in Fund Finance Friday, we posited that federal and state law may be heading towards reconciliation and may someday leave lenders to calibrate their involvement in this segment of narcotics-related finance as a matter of franchise policy rather than federal fiat. Two bills moving through Congress could hasten such a day. Cadwalader attorneys summarize these two pieces of proposed legislation in "Cannabis Finance—SAFE in the STATES and Maybe Beyond?Has your fund finance business worked through policies on cannabis-related funds, portfolio companies or real estate in the portfolio?

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