News

April 25, 2018

by Catherine Ho

A second state Senate committee on Wednesday approved a bill that would make it easier for California cannabis businesses to write checks — instead of using hoards of cash, as is common practice now — to pay taxes, rent and fees to vendors.

Bill focuses on increasing transparency and accountability of current cash bail practices

April 25, 2018

SACRAMENTO – Senator Bob Hertzberg, D-Van Nuys, advanced a bill today that furthers his ongoing examination of the state’s bail industry, which includes SB 10, the Bail Reform Act of 2018.

SB 913 would ensure continued support for graffiti removal services in Los Angeles

April 25, 2018

SACRAMENTO – Sen. Bob Hertzberg, D-Van Nuys, announced today that his bill to ensure the continued funding and operation of graffiti abatement programs in the City of Los Angeles cleared the Senate Labor and Industrial Relations Committee and is headed to a vote on the Senate Floor.

Community Based Organizations (CBOs) in Los Angeles have provided graffiti abatement services for almost three decades connecting people to their neighborhoods, empowering youth who benefit from employment experience, and community investment.

The bill, which has enjoyed bipartisan support, next heads to the Senate Appropriations Committee

April 25, 2018

SACRAMENTO – Sen. Bob Hertzberg, D-Van Nuys, announced today that his legislation to create a banking fix for legal cannabis business in California cleared another critical hurdle on its pathway to becoming law. SB 930 passed the Senate Governance and Finance Committee this morning on a bipartisan vote.

SB 1001, the BOT Act of 2018, passes Senate Judiciary Committee

April 24, 2018

SACRAMENTO –Senator Bob Hertzberg, D-Van Nuys, announced today that SB 1001, a bill he authored with the support of Common Sense Kids Action to require social media companies to label automated accounts on their sites, passed its second committee hearing when the Senate Judiciary Committee approved it on a 5-1 vote.

April 23, 2018

California could become the next U.S. state that allows companies to store data - including information about stockholders - on a blockchain.

Bill 838 was first introduced by Senator Robert Hertzberg in January, but public filings show that the measure has picked up steam in recent days. The State Senate's Banking and Financial Institutions Committee referred the measure to the Judiciary Committee on April 18 after advancing it with a "do pass" recommendation.

April 20, 2018

By Mark Anderson

A bill before the California Senate would seek to create limited-service banks and credit unions for the cannabis industry, which is largely banned from using the regular banking system.

Senate Bill 930, which would allow marijuana businesses to write special checks to pay some of their businesses expenses, was approved on a unanimous vote by the Senate Bank and Financial Institutions Committee on Wednesday. The legislation was introduced in January by Sen. Robert Hertzberg, D-Van Nuys.

April 19, 2018

By Bob Hertzberg

The dawn of social media has created immense change in the lives of people all over the world – for better and, sometimes, for worse. Since the emergence of sites like Facebook and Twitter, Silicon Valley has experienced an explosion of progress and technological advancements, and in the meantime has expanded their influence in ways they could have never imagined, and likely never intended.

April 19, 2018

By The Sacramento Bee Editorial Board

There will be plenty of stoned Californians on Friday, the first 4/20 celebration since recreational marijuana became legal in the state.

Thank goodness that some sober folks in the Legislature are finally taking on a major problem – how to handle all the cash in what is projected to be a $7 billion industry by 2020.

April 18, 2018

by Patrick McGreevy

California would license special banks to handle billions of dollars generated by the legal marijuana market under legislation buoyed by recent comments from the Trump administration and given initial approval by state lawmakers Wednesday.

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