John Chiang on Drugs
Set up state bank for pot industry
California expects to bring in $1 billion in annual tax revenues from the cannabis industry starting next year, when retailers can begin adult-use sales. The problem is how to handle all that cash. California Treasurer John Chiang announced
a series of proposed strategies to help the newly legitimized recreational and medical cannabis industry--still largely barred from using banks because of federal laws making cannabis illegal--manage large amounts of money and pay taxes.
Source: The Press Democrat on 2018 California gubernatorial race
, Nov 7, 2017
Page last updated: Jun 24, 2018