A question came from one of our office managers regarding the banks policy on opening accounts for medical marijuana cooperatives. We do not currently have such policy. Just wondering if any other Michigan based banks have a policy in place or have similiar concerns.

I'm looking for this same information.

We don't do this. I went to a seminar and was told that banks are crazy to open accounts for medical marijuana business right now. They are not regulated.

We are a Michigan based bank and have put into our policy to NOT open accounts for medical marijuana dispensaries. We were not comfortable with the legal and regulatory considerations with these dispensaries.