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┬ánoting 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┬áissues related to tax collection. Illinois Treasurer Michael Frerichs has voiced similar concerns, the Associated Press reported Monday. Frerichs wrote a letter of his own to Trump and, in a press release, said the president’s ... IL state treasurer asks Trump for clarity on MMJ banking is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs