CALIFORNIA SENATE PASSES REVOLUTIONARY BILL TO BYPASS FEDERAL RESERVE, CREATE CANNABIS BANKING INDUSTRY | WHAT REALLY HAPPENED


CALIFORNIA SENATE PASSES REVOLUTIONARY BILL TO BYPASS FEDERAL RESERVE, CREATE CANNABIS BANKING INDUSTRY

On Tuesday, 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 industry in the state and further nullify federal prohibition in practice.

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