Professor Julie A. Hill is quoted in U.S. News & World Report about a marijuana businessman who was denied life insurance.
“These and other laws make it very risky to accept any money that you know comes from a marijuana business, regardless of whether you are a bank,” she says. Among the prohibitions are “knowingly engag[ing] in a monetary transaction in criminally derived property of value greater than $10,000.”
For more, read “Marijuana Businessman Denied Life Insurance.”