federal hurdles Archives - GV Wire

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Report Quashes Hopes for California-Backed Marijuana Bank

By adminIn AP News, California, NewsPosted December 28, 2018

Photo Illustration of Marijuana Leaves and $100 bills

SACRAMENTO — California would likely lose money and face insurmountable federal hurdles if it tried to create a state-backed bank for the marijuana industry, according to a report released Thursday by the state treasurer. The report puts an end for now to hopes California could find a way to get...