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California eyeing State-run bank for marijuana

NOQ: “For a state that is already plagued with so many economic problems, despite its recent budget surplus, the idea of the state running its own bank should worry every person in California,” said Yaël Ossowski, the Deputy Director for the Consumer Choice Center in Washington, D.C.

Watchdog Warns Against California’s Idea For Public Pot Bank

CALIFORNIA POLITICAL REVIEW: Should the State of California have a state-owned bank, so the marijuana industry has a place to do its banking? Part of the problem is that a bank is not a repository for money, alone. To keep the bank open, it will have to loan money. That means a government bank will be […]

California considers state-run bank for pot businesses

THE HILL: “Opening the banking sector for cannabis-based businesses is necessary, but a government-owned and operated bank in California will only invite more problems and prove disastrous for California’s residents and taxpayers,” said Yael Ossowski, deputy director of the Consumer Choice Center.

Watchdog Warns Against California’s Idea For Public Pot Bank

WASHINGTON FREE BEACON: The idea drew an immediate rebuke from a major consumer watchdog group, the Consumer Choice Center, who warned it could lead to scandal and mismanagement.

CA treasurer and attorney general move on plan to create public bank for pot businesses

THE SACRAMENTO BEE: “For a state that is already plagued with so many economic problems, despite its recent budget surplus, the idea of the state running its own bank should worry every person in California,” said Yaël Ossowski, the Deputy Director for the Consumer Choice Center in Washington, D.C.

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