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LA Weekly ~ CA Doesn't Qualify

Marijuana Businesses Can Now Use Banks, But Maybe Not in California

Unfortunately for dispensary operators, California doesn't license dispensaries. State legislators have tried to impose regulations on shops, but they've pretty much failed.

Some cities provide licenses, and dispensaries can obtain nonprofit permissions from the state, but that doesn't really equate to state licensing. California pot shop licenses simply don't exist.


http://www.laweekly.com/informer/2014/02/14/marijuana-businesses-can-now-use-banks-but-maybe-not-in-california

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