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Michigan: State wants to help marijuana businesses find an alternative to banks - Cannabis News

The state is looking for ways to help medical marijuana businesses that are having trouble finding a bank or a credit union.

Rick Johnson chairs the state medical marijuana licensing board.

He says most financial institutions won’t work with marijuana-related businesses because the drug remains illegal at the federal level.

He says that means the businesses don’t have checking accounts and can’t easily handle electronic transfers.

Click here to read the complete article.

Rick Pluta ~ MichiganRadio.org ~ 

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