California Gov. Signs Pot Banking, Appellations Bills Into Law

California cannabis advocates applauded Gov. Gavin Newsom (D) for a series of pot-related bills he recently signed into law. At least one prominent industry backer suggested the moves could foreshadow major changes on the federal level.

Newsom, who governs the nation’s largest legal marijuana market, signed five cannabis-related bills ahead of Wednesday’s deadline. Among the new laws set to go into effect Jan. 1 is a bill (AB 1525) that removes state penalties and offers privacy protections for financial institutions . . .