California proposes coalition of marijuana states — and armored cars for tax cash

LOS ANGELES (AP) — California should use armored cars to transport hundreds of millions of dollars in cash tax payments expected next year with the state’s legal marijuana market, the state treasurer said Tuesday.

The state on Jan. 1 will enter a new era with cannabis when recreational sales become legal and join the long-standing medical industry in what will become the largest U.S. legal marijuana economy.

But the new market estimated to grow to $7 billion annually has a troubling flaw: Marijuana remains illegal under federal law, so most banks won’t do business with cannabis…

Source link

Skip to toolbar