CALIF. LEGISLATURE TO DEBATE BANKING BILL

The California Senate Banking and Financial Institutions Committee plans to hold a hearing on bills that would give a “safe harbor” to banks serving cannabis businesses. ????WW California has more.
Bloomberg Law

• One bill passed the state Assembly 68-1, but observers say the pandemic complicates whether it will become law.
• Another proposed California bill would “limit appellations of origin, or specific geographic designations, on labeling where cannabis is grown to weed that’s “planted in the ground, in open air, with no artificial light during the flowering stage of cultivation until harvest.”

Separately, Canna Law Blog looks at the federal lawsuit trying to obtain licensing documents from California regulators.

Quick Hit

1. Costa Mesa, Calif. in Orange County, “provides a recent example of how industry and a city council came together to create mutually beneficial tax policy.“
   Forbes — Ben Curren