U.S. investors in Canada’s medical marijuana industry are betting they won’t fall under the scrutiny of U.S. law enforcement officers – but it’s a risky bet.
According to some U.S experts, with marijuana still illegal on a federal level in the United States, American investors in Canadian medical marijuana can be seen as violating the Controlled Substances Act. And the use of the banking system to transfer the proceeds of such investments could be seen as money laundering.
The U.S.