Continue to Site »
Site will load in 15 seconds
Advertisment: FundCanna » FundCanna Order 123 » CBT ROS 970X250 Billboard Ad Sept 2-30 2025 » RP CBT 970x250

Ohio Bankers League Opposes Marijuana Legalization Issue


The push for marijuana legalization in Ohio has been dealt a blow by the state’s financial establishment.

The Ohio Bankers League (OBL) voted to oppose Issue 3 that would legalize both recreational and medical marijuana in the state. OBL, which has 210 members, fears a clash between the federal and state laws surrounding marijuana regulation.

Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570
Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies 2026 ROS Parallax Reveal » bcc-ads-730x570

“Marijuana is illegal at the federal level, and handling proceeds connected to marijuana-related businesses also remains illegal – regardless of state law,” said Mike Adelman, CEO of the Ohio Bankers League.

Issue 3 “would put the Ohio banking industry in an untenable position and would render the marijuana industry an all-cash business, creating public safety issues and money laundering concerns,” he added. The group would reconsider its position if federal laws were reformed.

Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies ROS 300x250 Medium Rectangle » great-place-2026-animation300x250.gif

Read more

Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies ROS 300x250 Medium Rectangle » great-place-2026-animation300x250.gif
Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies ROS 300x250 Medium Rectangle » great-place-2026-animation300x250.gif
Page 1 of 662
Next Page
Advertisment: Greentank » Greentank Order 111 » CBT ROS Mobile Adhesion 360x120 September 2025 » gt-ac-360x120