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California invoice seeks to legalize banking for hashish companies

California’s fast-rising hashish trade, which has been compelled by federal regulation to conduct virtually all its enterprise in money, acquired a lift Thursday when laws was launched to permit banks to open accounts for individuals concerned within the discipline.

State Sen. Robert Hertzberg, D-Van Nuys, launched a invoice that might permit California-chartered banks, credit score unions and different monetary establishments to open checking and financial savings accounts and difficulty checks for marijuana retailers.

The proposed regulation, often called SB930, is an try and take care of U.S.

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