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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 in competition with a privately owned bank. The government bank does not have to make a profit, the private ones do.

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