News Stories

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 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.

April 11, 2018

California pays the highest traffic fines in the country. For many, these fines can lead to cycles of debt. A recent report has shown that these fines disproportionately affect low income communities and communities of color. California Senator Bob Hertzberg joins Gina Dalma, vice president of government relations for SVCF in a conversation about how California got here and how reforms are beginning to help individuals. The discussion closes with advice from Sen. Hertzberg on how organizations can effectively push for policy reform.

April 7, 2018

By Mike Mielke

While the rains of March and early April were a welcome relief, they will likely do little over the long-term to lift California out of its water crisis. That’s because the state’s single largest source of water storage – the Sierra Snowpack – has been reduced considerably in recent decades and is projected to shrink more in the future, as we enter a “new normal” with hotter and drier years to come due to man-made climate change.

April 3, 2018

By Selina Wang

California has proposed legislation that would require social platforms like Facebook Inc. and Twitter Inc. to identify automated accounts, or bots, amid a push by state lawmakers to police the technology companies that have proven vulnerable to manipulation and the spread of fake news.

March 31, 2018

By JESSICA SILVER-GREENBERG and SHAILA DEWAN

Most bail bond agents make it their business to get their clients to court. But when Ronald Egana showed up at the criminal courthouse in New Orleans, he was surprised to find that his bondsman wanted to stop him.

A bounty hunter was waiting at the courthouse metal detector to intercept Mr. Egana and haul him to the bond company office, he said. The reason: The bondsman wanted to get paid.

March 13, 2018

SACRAMENTO (CBS13) — President Donald Trump has said Facebook and Twitter may have helped him win the presidency, but with the spread of fake news online, how effective will social media be in this upcoming election?

“Many of my students get their news now from social media from Facebook and Twitter,” said Andy Jones.

UC Davis Journalism Professor Andy Jones says social media’s spread of fake news may be endangering democracy. But studies show 98 percent of teens are on it.

March 2, 2018

By Tony Romm

Alonzo Washington delivered a dire warning to his fellow delegates in Maryland’s legislature last month: Russia might try to influence their elections, too.

So the Democratic veteran set about doing something that’s eluded his federal counterparts in the nation’s capital: advancing legislation to regulate tech giants like Facebook, Google and Twitter.

February 19, 2018

by Mark Madler

A San Fernando Valley lawmaker has introduced legislation that would allow cannabis business owners to start a limited charter bank in California.

State Sen. Robert Hertzberg said such a financial institution will improve business operations for dispensaries and other suppliers to the industry as well as address public safety issues as the businesses won’t be handling large amounts of cash.

Hertzberg called his bill a simple solution to a problem that will only become worse now that recreational marijuana sales are legal in the state.

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