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Rasul Raheem Expects Banks to Play It “SAFE” Regarding Proposed Cannabis Act in Bloomberg BNA Banking Law

March 26, 2019

Rasul M. Raheem, Detroit-based senior counsel in Dykema's Financial Services practice group, was quoted extensively in the Bloomberg BNA Banking Law article, “New Banks Get Same Protection Under Proposed Pot Bill Amendment.”

Commenting on the pending Secure and Fair Enforcement (SAFE) Banking Act (H.R. 1595), drafted to protect banks from being penalized for providing services to the marijuana industry, Raheem predicts that financial institutions will consider such businesses warily due to the long-standing association of cannabis with criminal activities.

Subscribers to Bloomberg BNA Banking Law may read all of Raheem’s comments here.