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Hutchinson passes plan to allow legal cannabis industry to use banking system

Illinois State Senator Toi Hutchinson (D-Chicago Heights) has passed a plan out of the Senate on April 4 that would allow legal marijuana businesses in Illinois to use the banking system. Due to federal and state banking regulations, most legal marijuana businesses are operating on a cash-only basis.

“As conversations continue on whether or not Illinois will legalize recreational marijuana, we have legal businesses involved in the marijuana industry that are not able to use…

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