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California bill to create state-backed pot bank stalls

by / No Comments / 0 View / August 16, 2018

SACRAMENTO, Calif. (AP) – California lawmakers killed a plan Thursday to create a state-backed banking system for the recreational marijuana market, meaning the industry must keep operating in cash for now.

Most banks refuse to do business with marijuana growers, distributors and sellers because the drug is still illegal under …

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Via: California bill to create state-backed pot bank stalls