United States Attorney General Jeff Sessions may have reversed federal marijuana enforcement policy, but that isn’t stopping the Golden State from studying how to move forward with creating a public cannabis bank to serve the state’s legal cannabis industry.
Tag Archives: State Treasurer
SACRAMENTO, Calif., Jan. 30, 2018 /Weed Wire/ — California State Treasurer John Chiang today announced next steps in determining the potential of a public bank to service the cannabis industry in California.
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.
SACRAMENTO, Calif., Nov. 7, 2017 /Weed Wire/ – State Treasurer John Chiang today released a report outlining steps California can take to address the lack of banking services that force much of the cannabis industry to operate in cash.
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, 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.
he Massachusetts House and Senate continue to be at odds over how to regulate recreational marijuana. On June 30, 2017, a six-member conference committee comprised of both House and Senate leadership announced that although it had missed its self-imposed deadline to come to an agreement, it would continue negotiations after the Fourth of July holiday.
BOSTON, March 7, 2017 /Weed Wire/ – Massachusetts State Treasurer Deborah B. Goldberg, who is charged with implementing a new state law legalizing recreational marijuana, wrote a letter today to U.S. Attorney General Jeff Sessions asking the Department of Justice to clarify its position and future plans regarding enforcement of federal marijuana law.
In response to President Donald Trump’s nomination of Jeff Sessions for Attorney General, Illinois State Treasurer Michael Frerichs announced on Jan. 24, 2017, that he sent a letter to Trump urging him to issue clear guidance to banks on working with the legal marijuana industry.
Right now, California’s marijuana industry for all intents and purposes is a cash-only business.
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.