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THAT STATE BANKING BILL EXPECTED TO BECOME LAW? OH, IT’S DEAD.

In other profoundly shitty news, the roundly-supported bill that would have allowed participants in the cannabis industry to pay taxes, rent, and other expenses via state-run was uncermoniously moved to the legislature’s “Inactive” file.

Previously, the bill’s passage had appeared a lock.
Sacramento Business Journal

  • The legislation authored by Bob Hertzberg (D) died unexpectedly and without explanation. In a press release, the Van Nuys legislator said, “If we’re going to do this, we have to do it right.” The statement contained nary a mention of what went wrong.
  • Meanwhile, our largely cash and carry dispensaries seem to be among Cali criminals favorite targets.