California Moves Closer to Creating Cannabis Bank - Cannabis News
California is on the verge of creating a first-of-its-kind safety net for marijuana retailers to deposit cash gleaned from legal pot sales.
The proposal, Senate Bill 930, calls for the creation of state-chartered banks and credit unions that would cater solely to licensed cannabis businesses.
Supporters say the pot bank will bring the six-month-old recreational pot industry “out of the shadows” by allowing businesses to pay their state taxes without toting briefcases full of cash.
Click here to read the complete article
Nick Cahill ~ CourthouseNews.com ~