Public Banking Advocates Make a Case to the CA State Treasurer

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Michelle Milner, Heidi Kang, Irene Montanez, State Treasurer, John Chiang, Trew Trewolla and Ellen Brown, Public Banking Institute. These 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. 

On 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. 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!

Watch the Cannabis Banking Working Group hearing with Gwen Hallsmith, Matt Stannard and Revolution LA.

 


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