This August 10 in Los Angeles, with several hundred Californians in attendance, State Treasurer John Chiang's Cannabis Banking Working Group heard the case for public banking as a tool of economic justice and a potential solution to marijuana business's inability to use private banking services.
Revolution LA Public Bank Activists spoke from the heart about the challenges California faces and how a Public Bank could improve the fate of many. Speakers included Vermont public banking advocate Gwen Hallsmith, and Commonomics USA's Matt Stannard, who summarized that organization's comprehensive California Public Cannabis Bank proposal and Matt Stannard’s interview with the LA Times.
The Cannabis Banking Working Group site offers links to the panel discussions, which are fascinating!
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