Bloomberg reports

Banks and accountants wouldn’t be committing crimes under California law by providing services to cannabis clients under a bill that passed the state Assembly 60-1 on Monday.

  • The measure, Assembly Bill 1525, would help cities and counties collect taxes. It would also let state agencies share track-and-trace data with banks to facilitate the financial institutions’ due diligence reporting obligations, an Assembly floor analysis said.

Read full report at Bloomberg – Paywall

https://news.bloomberglaw.com/banking-law/california-cannabis-safe-harbor-banking-bill-advances