[#item_full_content] California’s marijuana legalization law that voters approved a decade ago has been a “complete failure” and should be replaced with a new ballot initiative that prioritizes consumers and small businesses, the state’s treasurer says. At a hearing she convened on cannabis industry banking challenges on Wednesday, Treasurer Fiona Ma (D) heard from multiple officials, financial 
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California Treasurer Calls Voter-Approved Marijuana Legalization Law A ‘Complete Failure’ That Should Be Replaced With A New Ballot Initiative
ByPot Shop News
July 30, 2026