On March 31, 2021, Governor Andrew Cuomo signed the Marijuana Regulation and Taxation Act (“MRTA”), legalizing recreational cannabis use in New York state for adults 21 years or older. The move is expected to generate tens of thousands of jobs and hundreds of millions of dollars in revenue for the … Read more about New York’s Recreational Marijuana Landscape: Key Takeaways
State-Backed Cannabis Bank Bill Passes California Senate
Last week, California lawmakers moved to create a bank backed by the state that would help handle money from the state's newly created recreational marijuana market. The bill, SB930, which would allow charter banks and credit unions regulated by the California Department of Business Oversight to … Read more about State-Backed Cannabis Bank Bill Passes California Senate
New York Times Article Published with Extensive Input From RLG
The New York Times just published an article on cannabis banking. RLG founder Dave Rodman spent hours on the phone during the summer of 2017 explaining the realities of the cannabis industry and the available banking options to the article's author, Mr. Robb Mandelbaum. "I was more than happy to … Read more about New York Times Article Published with Extensive Input From RLG