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New Report Pans Idea of State-Run Banks for Marijuana Transactions

Several states that have legalized marijuana have looked into establishing state-run banks to handle marijuana-related transactions. This has been viewed as a possible way to circumvent the federal ban on marijuana and the accompanying risk that banks handling such funds could be charged with money laundering. A new report commissioned by California, however, has concluded that the idea poses too many risks to the state. Read more here.