Counting cannabis cash. Photo courtesy San Francisco Chronicle.
The sheer volume of cash that legalized pot is triggering is generating the kind of political will needed to create a Public Bank as the solution. We ask: Why not use the power of a Public Bank to help everyone?
The San Francisco Chronicle reports:
"The state Senate passed a bill this week to create a state charter for banks to serve California cannabis businesses, which would allow licensed merchants to write checks to pay taxes, fees and vendors — rather than use large amounts of cash, as they currently do.
"SB930, by state Sen. Robert Hertzberg, D-Van Nuys, now heads to the Assembly."
Share this blog post with your friends!
Do you like this post?