California Senate Passes Bill to Create Banking Alternative for Cannabis Industry, Bypass Federal Reserve

SACRAMENTO, Calif. (June 6, 2018) – Last week, the California Senate passed a bill that would establish limited state-chartered banks to serve the cannabis industry. Final passage of this legislation would remove a major federal roadblock in front of the developing marijuana industry in the state and further nullify federal prohibition of cannabis.

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Signed as Law: Colorado Expands Hemp Market, Sets Stage to Further Nullify Federal Prohibition in Effect

DENVER, Colo. (June 5, 2018) – Last week, Colorado Gov. John Hickenlooper signed a bill into law establishing that hemp will be treated like any other food ingredient. Enactment of this law paves the way for further expansion of the state’s hemp market and will help further nullify federal prohibition in effect.

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California Assembly Passes Bill to Allow People to Expunge Some Marijuana Charges

SACRAMENTO, Calif. (June 5, 2018) – Last week, the California Assembly passed a bill that would create a process to expunge or reduce the sentences of people charged under the state’s marijuana laws before recreational cannabis was legalized this year. Passage into law would take another step toward nullifying federal marijuana prohibition in effect in California.

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