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‘Pot Banks’: The Answer for a Budding Industry?

When California voters approved Proposition 64 in November 2016, the Golden State became effectively the largest jurisdiction in the world to legalize recreational sale and use of cannabis. On January 1 of this year, when recreational sales were legalized, politicians, tax collectors, and business owners already were seeing green. The state estimates it will collect […]

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.

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.

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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