TRENTON, N.J. – There are rumors of a lame duck attempt to (once again) get legalized recreational marijuana through the state legislature. It also appears that Phil Murphy is once again moving forward with his campaign 2017 effort to establish a state bank.
Coincidence? Probably not.
Click here for this February 2019 piece from our friend Art Gallagher on the nexus of banking, marijuana, federal law and money laundering which make a New Jersey state bank attractive to some cannabis industry insiders.