A taxpayer-backed bank for pot money? Maybe in California
LOS ANGELES (AP) " California officials announced Tuesday that they will take a detailed look at the possibility of creating a taxpayer-backed bank to handle what could be billions of dollars in revenue generated by the state's legal marijuana industry.State Treasurer John Chiang stopped short of endorsing the idea but said his office would work with the state attorney general to examine how a weed bank might function for California's emerging pot economy, estimated to grow to $7 [...]
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