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Month: February 2019

Michigan Wants to Help Pot Businesses Bank Cash

2/20/19

By Jonathan Oosting Lansing — Michigan is pulling in more than $1 million a month in tax revenue from medical marijuana businesses — and most of it is coming in the form of cold, hard cash. With legal recreational sales on the horizon, state regulators and business groups are working to address one of the most vexing issues facing the budding industry: Banks remain wary of working with cannabis companies because the drug remains illegal at the federal level. “The biggest hurdle is the fact that it is considered, by federal standards,... Read More >

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