Plakias; Jodlowski, Margaret; Giamo, Taylor; Kavousi, Parisa - In: Agricultural Finance Review 82 (2021) 2, pp. 214-246
Purpose: Despite 2016 legalization of recreational cannabis cultivation and sale in California with the passage of Proposition 64, many cannabis businesses operate without licenses. Furthermore, federal regulations disincentivize financial institutions from banking and lending to licensed...