While there have been attempts at the federal level to ensure the availability of cannabis banking services, the Golden State is forging ahead with its own strategies so it can be prepared for the rollout of recreational cannabis in 53 days.
Tag Archives: Cannabis Banking Working Group
SACRAMENTO, Calif., Nov. 6, 2017 /Weed Wire/ – State Treasurer John Chiang will release a report on steps California can take to address a lack of banking services that forces much of the cannabis industry to operate business in cash.
LOS ANGELES, Calif., Oct. 19, 2017 /Weed Wire/ — Insurance Commissioner Dave Jones held a public hearing today to identify insurance gaps faced by the cannabis industry. Cannabis businesses and insurance industry representatives testified about the limited availability of insurance for the cannabis businesses.
LOS ANGELES, Aug. 7, 2017 /Weed Wire/ — A highly anticipated meeting of California’s 17-member Cannabis Banking Working Group has been set for August 10 in Los Angeles on the controversial subject of public banking.
SACRAMENTO, Calif., May 22, 2017 /Weed Wire/ — Today Insurance Commissioner Dave Jones convened 63 insurance-related stakeholders to make sure they have time to comment on cannabis-related regulations with insurance provisions currently under consideration by other state agencies.
SANTA ROSA, Calif., May 3, 2017 /Weed Wire/ — Since December, California State Treasurer John Chiang’s Cannabis Banking Working Group has been engaged in an ongoing effort to ensure a safe and smooth transition for the public.
On March 27, 2017, California’s Cannabis Banking Working Group held a meeting at Oakland City Hall in Oakland, Calif., to address possible solutions to resolve the state-federal banking issue for California’s legal marijuana businesses. California State Treasurer John Chiang announced the Cannabis Banking Working Group back on Dec. 2, 2016, and today’s event marked the…
SACRAMENTO, Calif., Feb. 10, 2017 /Weed Wire/ — California’s $7 billion a year legal cannabis industry is about to launch 10 months from now. But it is hampered by having no access to basic banking services enjoyed by other businesses.
SACRAMENTO, Calif., Dec. 19, 2016 /Weed Wire/ — State Treasurer John Chiang will hold his first meeting with the newly convened Cannabis Banking Working Group.
On Dec. 2, 2016, California State Treasurer John Chiang announced that he is creating the Cannabis Banking Working Group to address banking issues that could challenge the state’s rollout of recreational cannabis.
SACRAMENTO, Calif., Dec. 2, 2016 /Weed Wire/ — State Treasurer John Chiang announced today the creation of the Cannabis Banking Working Group to address a significant issue that could hamper the implementation of Proposition 64, a ballot measure approved by voters that legalizes the recreational use of cannabis.