BANKING GAME-CHANGE ON HORIZON FOLLOWING SB 52 PASSAGE
Courtesy of Getty Images
On Tuesday the state Senate approved a bill that would make California-chartered cannabis banks a reality. Last week the Association of State Treasurers announced its support of congressional legislation allowing banks to service legal weed enterprises. This week the Senate voted in favor 35-1.Should Senate Bill 52 pass the upcoming Assembly vote, an industry plagued by restrictions on to bank access would have a game-changing win. In terms of overall impact, passage would further . . .
Log in or become a WeedWeek Member to read this article.
