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The “Cap The Rate” Initiative on the Montana ballot is getting a lot of attention in this off-year election. But, there’s more to Montana Initiative 164 than what meets the eye. Supporters of I-164 say the measure will protect Montanans from predatory lenders who charge up to 400% annual interest on short-term, emergency loans.
A group trying to repeal Montana’s medical marijuana law received the approved petition Friday evening and can now collect signatures to put the initiative on the November ballot.