California may resort to using armored cars to transport the hundreds of millions of dollars the state anticipates making in tax from marijuana sales.
The suggestion was made by the state treasurer John Chiang, who said the problems anticipated from the legalization of recreational cannabis...
The Cannabis Banking Working Group, headed by John Chiang, California's treasurer, will hold a meeting on Thursday in Santa Rosa.
One of the panelists will be Kirk Anderson, chief operations officer for CannaCraft, the largest cannabis business in Santa Rosa, with cannabinoid extraction and...
It was payday at local cannabis manufacturer CannaCraft when Santa Rosa police raided in July. At the time, the business was out of compliance with city codes. Police confiscated about $500,000 in cash, divided into stuffed envelopes ready for the company to pay its workers.
On Friday, State...
State Treasurer John Chiang has formed a working group focused on finding ways to provide banking services for the cannabis industry, which is now forced by federal law to operate largely in cash.
California has about a year to come up with a plan. That's when the state's first recreational...