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CA treasurer pushes state-run bank for cannabis businesses

by / No Comments / 0 View / November 8, 2017

By Bart Schaneman

California’s state treasurer isn’t waiting on the federal government to solve marijuana businesses’ banking problem.

Treasurer John Chiang and members of a working group he formed are calling on California officials to create a state-government-run bank to serve marijuana companies, the Los Angeles Times reported.

The recommendation by Chiang’s group bolsters a growing movement that wants cities and states to create public banks for marijuana businesses.

Here’s what you need to know:

  • Over the course of the year, Chiang’s group heard from cannabis business owners about their banking challenges and difficulties paying taxes.
  • In

CA treasurer pushes state-run bank for cannabis businesses is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Via: CA treasurer pushes state-run bank for cannabis businesses