California May Create Public State Bank for Pot Businesses

Factors that the study will consider include regulations, access to online banking, insurance, banking system capital and costs. Chiang said in the conference that “We want California to get the most bang for its buck. So, today I am issuing a Request for Information, or RFI, to get the expert help we need to establish the scope of our feasibility study.” He added that California should be the leader regarding regulating the growing cannabis industry to ensure public health and safety. If implemented, the banks would be owned by the State of California.

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Since its inception, TWB has been based in activism and the mobilization and movements for marijuana policy reform happening around the country. It was created for one purpose: to facilitate a constructive conversation about marijuana in America. This includes both medical and recreational marijuana policy, as well as the marijuana industry and culture.