Quietly, a handful of community banks and credit unions in Michigan are starting to bank money from medical marijuana-related businesses, according to those in the industry.

As Michigan’s recreational marijuana industry prepares to take flight, it comes with some dead weight: cash.

Businesses face a hurdle: how to get their cash into a bank account without themselves or their bank being accused of laundering money.

Efforts to start a state-run bank in Michigan fizzled out in the last legislative session.

Click here to read the complete article

Amy Biolchini ~ MLive.com ~