Public Meeting Thursday At The Glaser Center In Downtown Santa Rosa.

Thursday at the Glaser Medical marijuana stocks Center Unitarian Universalist Congregation, 547 Mendocino Ave., Santa Rosa. For more information click here . ____ Find more in-depth cannabis news, culture and politics at , authoritative marijuana coverage from the PD. With a projected revenue of $6.64 billion but little to no access to bank accounts, Californias marijuana industry remains a cash-only economy. State officials are grappling with how to funnel the industrys money out of bags and into something more secure as California careens toward a recreational marijuana marketplace next year, when cannabis will be available for sale to adults without medical recommendations. The obvious route would be a bank account, but thats unlikely to be possible anytime soon, Deputy Treasurer Tim Schaefer said in an interview this week. Shaefer and California State Treasurer John Chiang are discussing banking and its alternatives for the cannabis industry at a 9 a.m. public meeting Thursday at the Glaser Center in downtown Santa Rosa. If you have those kinds of bags of currency rolling around the state, you can see why its so important to solve the banking problem, Schaefer said. The event is part of Chiangs statewide Cannabis Banking Working Group first convened in December to get experts on banking and its alternatives together with players in the marijuana industry to discuss the issue in meetings throughout the state. Thursday in Santa Rosa, representatives from Summit State Bank and Santa Rosa-based cannabis manufacturer CannaCraft will join experts on banking regulations, cash collection and payments systems.

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