[Kzyxtalk] Public Banks Could Break the Impasse Over Marijuana Money --- on KMEC Radio, Monday, September 12, at 1 pm, Pacific Time

[sako4 at comcast.net]

FOR IMMEDIATE RELEASE 

Marc Armstrong, President, 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 . 

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. 

See: http://www.truth-out.org/news/item/37343-public-banks-could-break-the-impasse-over-marijuana-money 

See also: https://arcviewgroup.com/ 

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. 

Our broadcast is heard live at 105.1 FM in the Ukiah Valley. We also stream live from the web at wwww.kmecradio..org. 

Please support the Mendocino Environmental Center and KMEC Radio 105.1 FM by becoming a member at: http://www.kmecradio.org/donate/ 



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