Author

Yasir Sadat

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Despite state laws decriminalizing varying types of its use, cannabis remains a Schedule 1 controlled substance under the Controlled Substances Act of 1970. As a result, the sale, use, and distribution of cannabis remains a federal crime. Individuals and businesses that support cannabis companies could face federal criminal liability based on conspiracy and aiding and abetting laws. Companies that transact with money derived from cannabis sales could be subject to federal anti-money laundering prosecution, as they are using proceeds derived…