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The cannabis industry and related banking function almost entirely upon the ‘perception of risk’ as opposed to ‘actual risk’ as stakeholders attempt to gauge the probability of consequences from flaunting what many consider benighted Federal law.


Informed industry consensus is that the actual consequences of AG Session’s rescission of the ‘Cole Memo’ was to negatively alter perceptions of risk, and likewise conversely today’s Trump/Gardner deal positively alters the perception of risk.


Either way actual Federal action fundamentally remains the same and nothing has changed: Licensed operators and bankers who practice high standards of compliance, reporting and accountability have really nothing to fear; those with lower standards continue to put themselves at higher risk.

Comments on Gardner/Trump Deal
April 13, 2018

The cannabis industry and related banking function almost entirely upon the ‘perception of risk’ as opposed to ‘actual risk’ as stakeholders attempt to gauge the probability of consequences from flaunting what many consider benighted Federal law.


Informed industry consensus is that the actual consequences of AG Session’s rescission of the ‘Cole Memo’ was to negatively alter perceptions of risk, and likewise conversely today’s Trump/Gardner deal positively alters the perception of risk.


Either way actual Federal action fundamentally remains the same and nothing has changed: Licensed operators and bankers who practice high standards of compliance, reporting and accountability have really nothing to fear; those with lower standards continue to put themselves at higher risk.