AB 1525 – Cannabis Banking Solution or Hornet’s Nest of Liability?

In its January 14, 2021 Notice of Proposed Emergency Regulations, the California Bureau of Cannabis Control (“BCC”) announced its finding of an emergency related to the cannabis industry’s limited access to banking and financial services.  The proposed text of Assembly Bill AB 1525 seeks to address that emergency with what some critics call overbroad language. …

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