Tag Archives: State Treasurer

Cannabis Banking and Public Bank

Could a Public Bank Resolve Cannabis Industry’s Financial Services Conundrum?

Could a Public Bank Resolve Cannabis Industry’s Financial Services Conundrum?

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.

Legislative Conference Committee Stalls on Massachusetts Marijuana Bill

Legislative Conference Committee Stalls on Massachusetts Marijuana Bill

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.

Treasurer Goldberg Asks Attorney General Sessions to Clarify Justice Department’s Position on Marijuana Enforcement

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.

Illinois State Treasurer Urges Trump to Issue Guidance on Marijuana Banking

Illinois Urges Trump to Issue Guidance on Marijuana Banking

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.

California Treasurer Launching Cannabis Banking Working Group

California Treasurer Launching 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.

Treasurer Chiang Convenes Cannabis Banking Working Group

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.


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