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.
Tag Archives: State Treasurer
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.