The Medicinal Cannabis (R)evolution

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As a result, any attempt to filter funds derived from cannabis is seen as an act of money laundering. This is a critical issue for the ECCU, as the region has strong investment ties to the US market. Equally of importance is the need to operate within transparent rules and regulations as set forth by the authority. As such, efforts to circumvent the established regulatory framework should be met with strict sanctions to dissuade potential offenders. The following case studies in boxes 2, 3 and 4 highlight some of the banking challenges faced by territories which have passed legislation legalising medicinal and, in some cases, recreational cannabis. The case studies focus on the experiences of Uruguay, Jamaica and St Vincent and the Grenadines.