“Since 2018, our state has worked with industry businesses to pass laws to make cannabis safe and accessible," Whitmer said in a statement. "However, operating all-cash businesses poses an inherent danger for businesses in our state, and the SAFE Banking Act provides clear guidelines for our financial institutions to bank with these businesses. This letter sends a clear message to Congress that our states are looking for a real solution to a real problem, and we support them to get this done.”
According to the letter, medical and recreational cannabis sales in the U.S. were estimated to reach somewhere near $17.5 billion, almost all of which was from cash sales because, well, bullshit.
The full letter is available to read online.
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