Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana.
Marijuana businesses have had real problems finding banking services, but that task may get easier in California.
- California Senate Forwards Bill To Create State Bank for Marijuana
(High TImes: News, 31 May 2018)
In order to keep up with the state’s marijuana industry, the California State Senate approves of a measure that would create a bank for the newly legal economy.
- California Senate Advances Bill Establishing Statewide Cannabis Banking Services
(Ganjapreneur, 1 June 2018)
The California Senate has advanced Senate Bill 930 — a.k.a. the Cannabis Limited Charter Banking and Credit Union Law — which seeks to establish new rules allowing California banks to serve businesses who are denied banking services due to their involvement in the still federally prohibited cannabis industry.
In other California news, finding insurance coverage may get easier as well.
- Cannabis Companies Now Have Access to Property, Liability Insurance in California
(National Association of Insurance Commissioners: NAIC NewsWire, 5 June 2018)
California Insurance Commissioner Dave Jones unveiled a program to provide property and liability coverage for marijuana dispensaries, storage facilities, processors, manufacturers, distributors, and other cannabis-related businesses operating in California.
Could North Carolina be the next state to legalize recreational marijuana?
- NC considers legalizing possession of small amounts of marijuana
(The Hill: News, 4 June 2018)
North Carolina’s legislature is considering a pair of bills that would make it legal to possess up to four ounces of marijuana for personal use.
NC bills would legalize possessing up to 4 ounces of marijuana for personal use
(Winston-Salem Journal, 4 June 2018)
A Forsyth County legislator is sponsoring a Senate bill that would make it legal to possess up to four ounces of marijuana for personal use.