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Home / Business / California treasurer lays out first steps toward state marijuana bank

California treasurer lays out first steps toward state marijuana bank

Following up on a plan he announced last year, California state Treasurer John Chiang on Tuesday outlined the foundation for a public bank for cannabis businesses so they won’t have to operate on a cash-only basis.

According to the San Francisco Chronicle, Chiang and state Attorney General Xavier Becerra have been working in concert on a cost-benefit analysis to figure out if such a venture would actually work.

Read more at Marijuana Business Daily

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