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Presentation
Member Aaron Kouhoupt (Cleveland) will join a panel presentation titled “Rescheduling Impacts on Cannabis Banking” at the Payments Banking Compliance (PBC) Conference on September 4, 2024, in Washington, DC. Panelists will discuss whether Cannabis reschedules from Schedule I to III, what implications it will have on cannabis banking, BSA, etc., and how banks should prepare themselves for this potential change.
October 3, 2024
McGlinchey is pleased to announce its recognition as “Top Law Firm” by the PBC Conference 2024, a leading event that brings together the cannabis banking ecosystem with a focus on payments, banking, and compliance. This honor underscores the firm’s ability to integrate its deep experience in financial services with its growing leadership in the cannabis industry.
August 26, 2024
ement Agency’s proposal to reschedule cannabis from a Schedule I to a Schedule III drug under the Controlled Substances Act (CSA) has generated considerable buzz across business sectors, including for the banks and credit unions that see opportunity and challenges in transacting in the legal marijuana space. Legality varies by use and by state, while federal law limits how financial institutions can operate.
July 18, 2024
Financial Institutions have utilized service providers for a multitude of purposes over many years.
May 29, 2024
The Department of Justice’s move to reclassify marijuana as a less dangerous drug, on which it began formal proceedings on May 16, won’t legalize state-level adult use and medical marijuana unless it’s produced, sold, and used within the regulations of the Controlled Substances Act. Banks and other financial institutions may have questions on how these changes could affect their ability to service cannabis businesses.
May 17, 2024
The Proposed Rule will be published on May 21, 2024. Once that occurs, the notice and comment period will open. Interested parties, including those currently involved in the cannabis industry as well as the many industries which cannabis rescheduling will affect, should start considering now whether they wish to submit a comment and request a hearing at which to speak and present a comment.
March 6, 2024
Member Aaron Kouhoupt (Cleveland) was interviewed in "Industry Reacts as OCC Reveals Concerns About Impact of Fintech-Bank Partnerships" in The FinTech Times on March 6, 2024.
February 6, 2024
Member and Chief Privacy Officer Aaron Kouhoupt (Cleveland) was interviewed in "Aaron Kouhoupt of McGlinchey Stafford on 5 Things You Need to Be a Highly Effective C-Level Leader of a Fintech Company" in Medium.
November 28, 2023
McGlinchey Stafford is pleased to announce that several members of the firm have been appointed to leadership roles within the American Bar Association’s Business Law Section.
November 21, 2023
McGlinchey Stafford is pleased to announce the appointment of Aaron P. Kouhoupt to the Governing Committee of the Conference on Consumer Finance Law (CCFL).