Pittsburgh Business Attorneys

Banking on marijuana: not yet

Banking on Marijuana: not yet

Medical marijuana sellers in Pennsylvania will have to deal in cash for now

By James F. Bauerle

Pennsylvania's nascent medical marijuana trade has would-be entrepreneurs cuing up to cash in. What few of them know is they won't have anywhere safe to put the cash. Banks cannot take it in as deposits because of a conflict between state and federal law.

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30 September 2016

About the Author

James F. Bauerle
Keevican Weiss & Bauerle LLC
Director of Legal and Business Services
210 Sixth Avenue, 35th Floor
Pittsburgh PA,15222
Phone:Work 412.355.2605
Fax:Fax 412.355.2609