Big read: What the proposed cannabis law change means for NZ

Kevin Jenkins is managing director of professional service firm MartinJenkins

The uneven liberalisation of cannabis laws internationally is throwing up some strange and thorny issues. On the West Coast of the US there’s a ‘pot banking’ problem: recreational marijuana businesses are legal at state level but not at federal, and this means most banks won’t touch their money for fear of breaching federal money laundering laws.

For the new West Coast marijuana entrepreneurs, having all that cash around is inefficient, frustrating and also – according to a friend-of-a-friend with a son in the

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