California Senate Passes Bill to Create Banks for Pot Businesses

5/31/2018

The state Senate on Wednesday passed SB 930 to create a state-chartered bank for California cannabis businesses, which would allow licensed merchants to write checks to pay taxes, fees and vendors — rather than use large amounts of cash, as they currently do. The bill introduced by state Sen. Robert Hertzberg, D-Van Nuys, now heads to the Assembly.

Click Here to Read the Full Story

Source : https://www.sfchronicle.com/business/article/California-Senate-passes-bill-to-create-banks-for-12955590.php
Powered By GrowthZone