California SB 51 is a measure to start a state-cha

California SB 51 is a measure to start a state-chartered banking system. Earlier this month, the measure got shelved by the author, but promised to bring it back up in January. This most likely happened due to the recent federal vote.

https://mjbizdaily.com/marijuana-industry-rea...tstanding/

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Perhaps one of the more ambitious measures, SB 51, to start a state-chartered banking system for marijuana companies, managed to hang on until the last week of the session until its author shelved it until next year, promising to revive the issue come January.

Banking isn’t the only MJ business issue that will be back come 2020, Jenkins predicted.

“I think next year is going to be a really, really significant year. In fact my expectation is that it will be busier than this year,” she said.

A key event coming later this year, Jenkins said, will be the release of a Legislative Analyst’s Office (LAO) report on state marijuana taxes, which could include recommendations for lowering taxes on the industry, she said.

“The LAO report is going to be very, very critical. So we’re watching for that,” Jenkins said.

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I agree that 2020 will be more significant than the past couple years.