“Store owners, growers and distributors are being forced to use cash because most banks won’t open accounts for them while the federal government still considers marijuana illegal.  As revenues inevitably increase, they will be lugging larger stacks of 50s and 100s to the tax collector, a situation that everyone agrees makes businesses vulnerable to thievery, violent crime, money laundering and extortion.”

Read more: http://www.sfgate.com/bayarea/article/John-Chiang-lays-out-plan-to-create-a-public-bank-12537099.php

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