California Treasurer: Marijuana Industry Banks Are Too Risky

Weedmaps
By APDec 29, 2018, 3:00 pm365 pts
SACRAMENTO, Calif. — California would likely lose money and face insurmountable federal hurdles if it tried to create a state-backed bank for the marijuana industry, according to a report released Dec. 27, 2018, by the state treasurer. The report puts an end for now to hopes California could find a way to get…

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