Marijuana possession and recreational use were legalized in New York, the banking capital of the United States. This has banks and other financial services companies asking whether it is now legal to provide financial services to marijuana-related businesses. Is it really possible that you can smoke it, but you can't bank it? In this video, Jeffrey Alberts, co-chair of Pryor Cashman's Financial Institutions Group, discusses the current state of the cannabis banking law, changes to expect in the coming year, and what financial services companies can do now to prepare for these legal developments.
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