California’s retail marijuana industry is struggling. Will tax breaks and banks help?

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Unfriendly banks, high taxes and black-market competitors are some of the obstacles that licensed cannabis companies say hold them back as they try to cultivate a new industry in California. Some California lawmakers want to give them a hand, and they’re considering a set of bills that would in ways great and small fine tune the law governing recreational marijuana. “We’re all in this for the long haul,” Assemblyman Rob Bonta, D-Alameda, said at a press conference Monday. (read further at source).

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