In a statement, Frerichs also asked state lawmakers to support legislation he says would prohibit Illinois regulators from taking any action that would penalize or dissuade banks and credit unions from serving local MMJ-related businesses.
Frerichs noted that Illinois rang up an estimated $136.5 million in legal cannabis sales last year, making the industry “ripe for theft, fraud and tax evasion.”
To read Frerich’s statement, click here.