Launching a Cannabis Business: What You Need to Know
Currently, the Pennsylvania House of Representatives is considering legalizing recreational marijuana. This comes on the heels of the U.S. Drug Enforcement Agency proposing to reclassify marijuana as a Schedule III drug in April 2024. What does this mean for those currently operating dispensaries in states where recreational use is legal or those interested in starting up a new venture? And, what are the implications for banks and financial institutions exploring lending to or holding deposits for these businesses? Here’s what you need to know about launching a cannabis business.