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Treasurer Chiang, Cannabis Banking Working Group Met After Trump Administration Signals Marijuana Crackdown

OAKLAND – State Treasurer John Chiang and the Cannabis Banking Working Group met on March 27 in Oakland to discuss solutions that provide greater access to banking to California’s future $7 billion legal cannabis industry. The conflicts between state and federal laws have forced cannabis firms to deal almost entirely in cash, creating a rich environment for violent crimes, money laundering and other illegal ...

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