<html><body><div style="font-family: Arial; font-size: 12pt; color: #000000"><div><br></div><div style="color:#000;font-weight:normal;font-style:normal;text-decoration:none;font-family:Helvetica,Arial,sans-serif;font-size:12pt;"><div><br></div><div style="font-family: Arial; font-size: 12pt; color: #000000"><div><span style="font-family: 'Times New Roman'; font-size: 13.3333px; background-color: #fdfdfd;">FOR IMMEDIATE RELEASE</span></div><div><span style="font-family: 'Times New Roman'; font-size: 13.3333px; background-color: #fdfdfd;"><br></span></div><div><span style="font-family: 'Times New Roman'; font-size: 13.3333px; background-color: #fdfdfd;">Marc Armstrong, </span><span style="font-family: "Times New Roman"; font-size: 13.3333px; background-color: rgb(253, 253, 253);">President, </span><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;">Commonomics USA, and formerly of the Public Banking Institute, will be joined in the KMEC studio by Jed Davis and Doug McKenty, two spokespeople for the local cannabis industry here in Mendocino County, CA. We'll talk about how public banks, specifically a county bank, may be the answer to the federal prohibition on marijuana businesses opening up bank accounts . </span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;"><br></span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;">Currently, the U.S Treasury and the U.S. Department of Justice both prohibit banks and credit unions from taking marijuana money. Nationwide, sales in the decriminalized sector of the cannabis industry alone hit $5.4 billion in 2015, according the the Arcview Group, a market research and investment firm specializing in the legal cannabis industry. The underground cannabis economy is much bigger. </span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;"><br></span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;">See: <a href="http://www.truth-out.org/news/item/37343-public-banks-could-break-the-impasse-over-marijuana-money" target="_blank">http://www.truth-out.org/news/item/37343-public-banks-could-break-the-impasse-over-marijuana-money</a></span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;"><br></span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;">See also: <a href="https://arcviewgroup.com/" target="_blank">https://arcviewgroup.com/</a> </span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;"><br></span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span><span face="Times New Roman" data-mce-style="font-family: 'Times New Roman';" style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;">John Sakowicz and Sid Cooperrider host the show. Our underwriters include Frey Vineyards and Orr Hot Springs, with support from the Harry Frank Guggenheim Foundation. </span></span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;"><br></span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;">Our broadcast is heard live at 105.1 FM in the Ukiah Valley. We also stream live from the web at wwww.kmecradio..org.</span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;"><br></span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;">Please support the Mendocino Environmental Center and KMEC Radio 105.1 FM by becoming a member at: http://www.kmecradio.org/donate/</span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;"><br></span></span></span></div><div><span style="background-color: rgb(253, 253, 253);"><span style="font-family: 'Times New Roman';"><span style="font-size: 13.3333px;"><br></span></span></span></div></div></div><div><br></div></div></body></html>