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
