Banking on Cannabis: National Cannabis Business Trade Journal mg Magazine Reveals How California State Board of Equalization Chair Fiona Ma Plans to Fix the Woeful State of Banking for the Industry
mg Magazine's December cover story profiles Fiona Ma, who is leading with cannabis as she eyes a 2018 run for California State Treasurer.
Los Angeles, CA, December 8, 2016 (Newswire.com) - mg Magazine's December cover story profiles Fiona Ma, who is leading with cannabis as she eyes a 2018 run for California State Treasurer.
If California Board of Equalization Chair Fiona Ma were a cannabis strain, she likely would be a sativa-dominant hybrid whose prevailing qualities enhance creativity, curiosity, and fearlessness and are grounded in a self-assured determination to lead a purpose-driven life. Those are a few of the character traits Ma exhibits with ease and without artifice as an individual and an influential politician. As she embarks on a run for State Treasurer in 2018, perhaps no issue better illustrates Ma’s eagerness to lead from the front than her enthusiastic embrace of cannabis legalization in California and her very public resolve to fix one of the industry’s most challenging problems: lack of access to banking because of federal prohibition, and all of the underground cash-business challenges that creates, including security issues, a lack of reporting and a loss of tax revenue.
"There are billions of dollars circulating within the United States because the industry cannot put it into a bank legally. I talk about cannabis as my number-one priority because it's the largest underground economy, and it's important not only to solve our economic issues but also the related social issues."
Fiona Ma
"There are billions of dollars circulating within the United States because the industry cannot put it into a bank legally," says Ma, who has toured over 100 farms and learned firsthand about the successes, fears and challenges industry members face on a daily basis. "I talk about cannabis as my number-one priority because it’s the largest underground economy, and it’s important not only to solve our economic issues but also the related social issues.”
“I’m all about leveling the playing field. [The banking problem] is the huge elephant in the room, and it is hurting the cannabis industry, hurting government, and hurting people," continues Ma, in the exclusive, take-no-prisoners interview. “I am obsessed with it."
Link to the video: https://www.youtube.com/watch?v=UaT2plG4_yk
Read the December story online here: https://mgretailer.com/fiona-ma-banking-cannabis/
mg’s December issue can be found at Barnes & Noble retailers, or by calling (310) 421-1860.
About mg:
mg is the leading national trade media organization for the legal cannabis retail market. Available both in print and digitally, mg places a singular focus on the people, plants and products that fuel the unprecedented growth of the burgeoning cannabis industry at the retail level. mg is the retail division of CANN Media Group, LLC which also operates in four other vertical sectors of the cannabis industry including hemp manufacturing, medicinal use, processing, and education.
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Media Contact: 323.788.0741 and Handsonpr@aol.com
Source: Cann Media Group, LLC
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