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California Considers Creating Public Bank for Pot Business
by Countable
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  • NoHedges
    02/03/2018
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    Way to go CA, the banking piece has proven difficult in CO. Because of laws that still classify pot as an illicit substance on the federal level, the banking industry has a fear of criminal liability. Moreover, congress continues to block any legislation that would provide a safe harbor for banks and allow for the proper taxation of this otherwise grey market.Congress doesn't care about the public safety threat, ie large amounts of cash and robberies, that is being created because of congress' actions.

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