marijuana business | Michigan Radio

marijuana business

Marijuana plant
U.S. Fish and Wildlife Service

Today on Stateside, a lack of legal banking options in the marijuana industry means that many businesses are operating solely in cash—creating significant safety risks and limiting the industry's growth. Plus, a Michigan Supreme Court case is testing how much money the government can collect from tax-delinquent homeowners. 

teal background and hands holding up a red old fashioned alarm clock
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Today on Stateside, as the federal investigation into the UAW continues, the union's new acting president vows to weed out corruption. Plus, a look at how two inmates in a state prison find meaning in their lives behind the prison walls. 

Marijuana plants
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A few state lawmakers are urging the U.S. Congress to quickly pass a law, the federal Secure and Fair Enforcement (SAFE) Banking Act of 2019, that would allow banks and credit unions to provide financial services to marijuana businesses in states where marijuana has been legalized.

Currently that's not allowed under federal law. 

steve carmody / Michigan Radio

Michigan’s attorney general is getting behind a push to change federal law to allow banks to do business with marijuana companies.

Even in states like Michigan, where marijuana is legal, marijuana remains a "cash" business.