x
Breaking News
More () »

Whitmer urges Congress to open banks to marijuana industry

Whitmer, a Democrat, says in a written statement that states are seeking a "real solution to a real problem."

LANSING, Mich. — Michigan Gov. Gretchen Whitmer is among 18 governors to sign a letter urging Congress to open the U.S. banking system to the legal marijuana industry.

In the letter written Friday and released Monday, the governors say the cash-only environment is a threat to public safety and a burden for governments that tax and regulate marijuana businesses.

Whitmer, a Democrat, says in a written statement that states are seeking a "real solution to a real problem."

Most banks will not do business with the industry because the federal government still considers marijuana illegal.

Michigan voters legalized the use of marijuana for recreational purposes last fall, a decade after approving medical marijuana.

Michigan's Democratic Attorney General Dana Nessel was among 33 attorneys general to sign a similar letter to Congress last month.

►Make it easy to keep up to date with more stories like this. Download the 13 ON YOUR SIDE app now.

Have a news tip? Email news@13onyourside.com, visit our Facebook page or Twitter.

Before You Leave, Check This Out