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Despite being federally prohibited, almost half of the American population resides in states where marijuana is legal for medical and recreational use. The wave of states legalizing cannabis has garnered much attention, and so has the DOJ’s proposal to reschedule marijuana from Schedule I to Schedule III. This proposed change has many asking how rescheduling will affect banking for marijuana-related businesses. In an article for the New Jersey Law Journal, Nikolas Komyati and Fruqan Mouzon, along with Fox Summer Associates Joanna Scotti and Wendy Xia, outline how cannabis rescheduling could impact the financial sector.

Banking on Change: How Rescheduling Cannabis Could Impact the Financial Sector

Banking on Change: How Rescheduling Cannabis Could Impact the Financial Sector

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Collin Ketelsleger

J.D. Candidate at the University of Oklahoma College of Law

1mo

Interesting read! Great work, Joanna Scotti and Wendy Xia, PharmD, Rph!

Mary Mellor

Business Development Manager at Fox Rothschild

1mo

Great article! Nice work, team!

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