Michigan Lawmakers Join Fight For Federal Change To Marijuana Banking

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Michigan’s state lawmakers are joining a national effort to change federal laws regarding marijuana banking.

Tuesday state Reps. Yousef Rabhi, D-Ann Arbor, and Jim Lilly, R-Park Township, as well as state Sen. Curtis Hertel Jr., D-East Lansing, said they planned to introduce concurrent resolutions urging Congress to pass the Secure and Fair Enforcement (SAFE) Banking Act.

Banking money is a giant barrier to progress in the marijuana industry, as most banks — especially those that operate nationwide — won’t accept marijuana money. That’s because marijuana is still considered illegal at the federal level.

Read the original article here: mlive.com


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