After a year of meetings and hearings, California’s working group on marijuana and banking issued its final report Tuesday. It’s overarching conclusion? California can only do so much to entice banks and credit unions to open accounts for marijuana-related businesses.
The report does recommend several approaches for the state as it barrels toward a legalized recreational market on Jan. 1—and plans for how to move the anticipated $7 billion in sales out of cash tills and into financial institutions.
Here are four takeaways from the report.