Public Banking Gets a Hearing at the California Treasurer’s Cannabis Banking Working Group’s Final Public Meeting
Click Here to Listen and Watch Live on Thursday at 9:30am PacificThe final public meeting on Thursday, August 10th, of the Cannabis Banking Working Group will be held in West Los Angeles. The entire four hour session is dedicated to reviewing public banking as a solution to the lack of banking services being provided to the cannabis industry. Tune in via the webcast — it’ll be an informative discussion and public debate. Matt Stannard, representing Commonomics USA, will be asking some important questions, noting that there are other markets where private banks are not providing banking services, proposing a four-phase approach to public banking, and suggesting that the state may wish to consider issuing a new banking license — a Public Bank Charter.
The Divest Build Coalition is a group of activists who believe that there can a symbiotic relationship between 1) divestment from fossil fuels and big banks, 2) addressing a host of social issues and 3) creating public finance that stops feeding Wall Street and sucking the life out of local communities.
We are currently organizing the state of California and intend to ultimately transform the progressive activist landscape of the state by closing the loop on our tangible resources that can be used for good. Commonomics USA is a founding organizer and will be providing more information at www.divestbuild.org.
Join Us! Click here to become a Commonomics USA member.
Commonomics USA envisions a world where a Commons-based economy creates economic and ecological security for all. We educate and advocate for the reclamation of the Commons from predatory capitalism and privatization, and build model law and policies that establish sustainable, economically just systems based in the Commons.