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Tenth Amendment Center: California Committee Approves Measure to Create Banking Alternative for Cannabis Industry, Bypass Federal Reserve

...from Tenth Amendment Center
SACRAMENTO, Calif. (July 15, 2019) – Last week, a second California Assembly committee unanimously passed a bill that would establish limited state-chartered banks to serve the cannabis industry. Final passage of this legislation would remove a major federal roadblock in front of the developing industry in the state and further nullify federal prohibition in practice. Sen. […]

July 15, 2019 at 05:03PM

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