‘Pot Banks’: The Answer for a Budding Industry?

By Yaël Ossowski | MG Retailer When California voters approved Proposition 64 in November 2016, the Golden State became effectively the largest jurisdiction in the world to legalize recreational sale and use of cannabis. On January 1 of this year, when recreational sales were legalized, politicians, tax collectors, and business owners already were seeing green. The state estimates it will collect $600 million in taxes from cannabis sales. And it doesn’t end there. According to BDS Analytics, an independent research firm, California’s cannabis market in 2018 will be $3.7 billion. That’s just shades short of the $4.2 billion estimate for […]