Report: CA-backed bank for marijuana businesses would face insurmountable hurdles

MJBizDaily
By Joey PenaDec 28, 2018, 12:17 pm320 pts
California would likely lose money and face overwhelming federal barriers if it tried to create a state-backed bank to help cannabis businesses navigate banking challenges, according to a report released by the state treasurer. The report puts an end for now to hopes the state could find a banking solution for…

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