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Michigan Gov. Whitmer Joins Bipartisan Letter Calling for Marijuana Regulations | Cannabis Business Times

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Michigan Gov. Whitmer Joins Bipartisan Letter Calling for Marijuana Regulations

Financial institutions might be getting the opportunity to bank with cannabis businesses, according to new efforts made by the Michigan government.

Bank
Adobe Stock
WILX TV Lansing, Mich.
June 18, 2019

LANSING, MI (WILX) -- Financial institutions might be getting the opportunity to bank with cannabis businesses, according to new efforts made by the Michigan government.

In a letter signed Friday, Gov. Whitmer and a bipartisan coalition of 19 governors called on congressional leadership to pass the Secure and Fair Enforcement (SAFE) Banking Act, which would remove legal limitations and allow financial institutions to bank with state-licensed cannabis businesses.

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