IL state treasurer asks Trump for clarity on MMJ banking
Illinois’ state treasurer has joined California’s in requesting guidance from the new administration of President Donald Trump on banking regulations regarding its medical marijuana industry.
The California treasurer in December sent a letter to Trump noting that the refusal by many banks to work with state-legal cannabis companies could pose a serious threat to public safety in coming years, as well as create issues related to tax collection.
Illinois Treasurer Michael Frerichs has voiced similar concerns, the Associated Press…
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