Lowndes CEO & President Dymond Discusses Cannabis and Banking Legislation
Lowndes CEO & President William T. Dymond, Jr., participated in a recent Orlando Business Jounal roundtable of local attorneys from various firms to discuss current issues and trends, as well as the legislation they are tracking. Issues ranged from further implementing medical marijuana into the businesses eco system to understanding new economic development efforts such as the federal Opportunity Zones Program and the ongoing federal partisan disagreements that can cause hiccups in local operations.
"There's some federal legislation for secure and fair enforcement banking that's working its way through that will allow banks to deal with the cannabis and marijuana industry for the first time. That will add lighter fluid to an already emerging industry across the country and banks won't have to take bags of money," said Dymond.
Read the article: Cannabis, Development & More: Trending Legislation That May Affect Your Business (subscription required)