Michigan Laws Put Marijuana Shops in Danger of Violent Crimes
Michigan Attorney General, Dana Nessel, is putting the pressure on Congress to pass the Secure and Fair Enforcement (SAFE) Banking Act in part to make Michigan marijuana dispensaries safer places to work and shop.
Federal law still considers the possession and use of marijuana a crime, and therefore the money made by dispensaries can't go into a financial institution that is backed by the feds. As a result of this law, the amount of cash on hand at Michigan pot shops well exceeds safe levels and entices the criminal element.
According to MarijuanaMoment.net, Nessel has issued warrants, 12 in all, for the arrest of people suspected to be involved in 20 marijuana retailer break ins in 2022. Most of the crimes are felonies that carry between a 10 year to a life in prison sentence.
The State Attorney General is leaning on lawmakers in the nations capital to pass the SAFE Banking Act, which would allow dispensaries to deposit funds into federally backed banks. Nessel was quoted saying:
Without access to traditional banking the cannabis industry is left as a ripe target for criminals. Any legal business should have fair access to our banking institutions for the security of their own business and employees as well as public safety.
According to MarijuanaMoment.net there are several people in Washington who support the SAFE Banking Act. It is even said by inside sources that the White House would sign the bill should it make it to the President's desk.
It's hard to believe it's been 5 years since Michigan voters approved the recreational sale of Marijuana. It's even harder to believe that these legal business owners are unable to keep their investment, property, and employees safe.