Abstract
As more states have legalized medical and recreational marijuana, a multi-billion dollar industry has emerged that faces particular challenges stemming from its quasi-legal status. After previously introducing a medical marijuana pilot program in 2014, Illinois legalized marijuana for recreational use for adults over the age of twenty-one. As with any business within a growing industry, legal marijuana-related businesses need financing and protection for their operations through banking services and insurance products. However, obtaining these financial services has proven to be difficult in light of the conflict between federal and state laws on the legality of marijuana. This note will address how and why Illinois can and should foster the growth of marijuana businesses with policies and judicial decision-making that favor the industry’s access to insurance and banking services.
Recommended Citation
Dylan Boyd,
Illinois Cannabis: Lost in the Weeds Without Access to Insurance and Banking Services,
45
S. Ill. U. L.J.
115
(2020).
Available at:
https://opensiuc.lib.siu.edu/siulj/vol45/iss1/5