The Business of Cannabis

Cannabis Still Faces Major Challenges, Such As Access To Banks

Jul 30, 2026 | National

Nearly a decade after Californians voted to legalize recreational cannabis, state leaders and industry representatives say legal businesses are still facing major challenges.

Lawmakers, cannabis business owners, banking representatives and advocates gathered at the State Capitol on Tuesday for a hearing hosted by State Treasurer Fiona Ma to discuss ways to strengthen California’s legal cannabis industry.

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