Marijuana Business Daily

IL treasurer: State medical cannabis firms may collapse without banking reform

Illinois Treasurer Michael Frerichs warned legislators the state’s medical marijuana  industry could collapse if the state doesn’t take action to combat what he called a banking crisis for cannabis businesses. In a statement, Frerichs also asked state lawmakers to support legislation he says would prohibit Illinois regulators from taking any […]

Nearly 60 people to participate in Michigan adult-use cannabis work groups

Michigan regulators announced Friday they’ve selected 57 individuals, including longtime activist Rick Thompson, to participate in work groups that will provide input for the rules that will govern the state’s new recreational marijuana industry. The work groups, which will examine four regulatory topics, are composed of: 14 existing medical marijuana licensees interested […]