Week in Review: Cannabis Bank in CA? + Tight Deadline in NY & Sales Confusion in WA
By John Schroyer
California officials propose a state-run bank for marijuana companies, New York license winners face a tough deadline, and Washington State’s sales figures spur confusion.
Here’s a closer look at several notable developments in the marijuana industry over the past week.
Don’t Bank on It
A proposal in front of the California Tax Board to create a state-run bank for cannabis companies is well-intended but probably won’t get very far, said one prominent marijuana attorney.
“If I were a betting man, I’d probably put my hopes more into federal legislation that’s pending in Congress that