A State-Run Bank for Marijuana Money? Not So Fast.

Some form of marijuana is legal in more than half the states, but cannabis businesses -- medical and recreational -- are still running into a cash problem.

Since the drug is illegal under federal law, any bank that handles marijuana money can be charged with money laundering, which forces the industry to deal with large amounts of cash, making them targets for violent crime.

To alleviate the problem, the notion of creating a state-run public bank to handle cannabis business accounts has been floated in several states, including California, Colorado, Michigan, New Jersey and Washington.

The Week in Public Finance: The 10 States That Give More to the Feds Than They Get Back

Residents in Connecticut, Massachusetts, New Jersey and New York have some of the highest tax bills in the nation. They also pay thousands more in federal taxes than their state receives back in federal funding.

In total, 10 states are so-called donor states, meaning they pay more in taxes to the federal government than they receive back in funding for, say, Medicaid or public education. North Dakota, Illinois, New Hampshire, Washington state, Nebraska and Colorado round out the list.

Updated: Amid Shutdown, Welfare and Childcare Funding to Run Out 'Soon'

As the federal government shutdown wears on, millions of low-income families are increasingly at risk, and state and local governments may not have the resources to pick up the tab.

On Tuesday, Trump administration officials announced that food stamp recipients are guaranteed access to their benefits only through the end of February. But beyond that, funding for the nutrition program run by the now-shuttered U.S. Department of Agriculture is questionable.

The same is true for WIC, the women, infants and children program.