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California Treasurer Asks Trump For Help On Marijuana Banking Issue

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Submitted by Marijuana News on Mon, 12/05/2016 - 08:57

The marijuana industry gets a lot of headlines because of the large dollar figures involved. This year Colorado alone is on its way to selling more than one billion (with a B!) dollars worth of marijuana. Marijuana sales figures are climbing in Washington, and with the exception of the recent slowdown in Oregon due to marijuana testing issues, Oregon’s sales have grown steadily too. Alaska just started marijuana sales, and eventually the ‘2016 class’ of legalization states will start sales.

The state with the largest industry is going to be California, and it’s not even close. California is estimated to be the future home of half of all marijuana sales in America. Estimates put California’s marijuana industry at 6 billion dollars a year after adult-use sales come on board. If the banking rules stay the same as they are right now, that’s going to be a 6 billion dollar industry...

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