Los Angeles Daily Journal
1 minute read | December.19.2019
The legality of cannabis varies widely on what product is at issue and what law applies. There is significant divergence, and at times direct conflict, between state and federal laws. Under federal law, a slight difference in chemical composition or the marketed use of a product can determine legality. Determining these legal distinctions is important not only for direct participants in the cannabis industry, including customers, but also for entities, like financial institutions, that do business with them.