CA treasurer forms group to address federal banking rules

California’s state treasurer has assembled a group┬áto address the problems caused by banks’ refusal to deal with marijuana businesses, following up on his state’s legalization of recreational cannabis in the Nov. 8 election.

State Treasurer John Chiang also sent a letter to President-elect Donald Trump and included members of California’s congressional delegation asking for help to fix the problem, according to the Los Angeles Times.

In the letter, Chiang pointed out that the divide between federal and state rules causes issues for the states where marijuana is legal, including tax problems, security concerns and the hurdles

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CA treasurer forms group to address federal banking rules is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs