Secure and Fair Enforcement (SAFE) Banking Act | Michigan Radio
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Secure and Fair Enforcement (SAFE) Banking Act

photo of cannabis in a jar
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Sales of recreational marijuana in Michigan have been booming. In the first six weeks after licensed dispensaries began selling the product in December, sales topped $10 million, generating around $1.7 million in tax revenue. But none of that money can legally be deposited in a bank. 

steve carmody / Michigan Radio

Marijuana businesses in Michigan hope to see progress on a federal bill that would give them the same access to banks as other businesses.