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A Major Middleman in the Budding Bonanza known as #California's #Cannabis #retail market collapsed leaving many #marijuana growers and state #taxes unpaid with "lack of access to traditional #bankruptcy protections indeed presents more risk for companies doing business with cannabis-related entities" according to the #Cannabiz #Credit Association. The state's $5 billion dollar annual cannabis cash flow is legally locked out of using legit #banking due to federal law, adding to #instability and #risk.
https://www.sfgate.com/cannabis/article/failed-california-cannabis-distributor-18496585.php