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Could the Marijuana Industry Bring Public Banking to California?

August 16, 2017 19:59 , by RIPESS - Réseau intercontinental de promotion de l'économie sociale et solidaireRIPESS – Réseau intercontinental de promotion de l'économie sociale et solidaire - 0no comments yet | No one following this article yet.
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Marijuana-related businesses in California could play a role in shaking up the U.S. banking sector. Earlier this month, California's state treasurer John Chiang called a meeting to explore the issue of banking access for businesses in the marijuana industry — and the possibility of doing it through a publicly-owned bank.

Chiang said that interest in public banking was gaining traction due to "a deep public dissatisfaction with our private banking system."


Source: http://www.ripess.org/could-the-marijuana-industry-bring-public-banking-to-california/

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