California Update for Wednesday, November 8, 2017

Nov 8, 2017

Credit Melissa Bosworth / Capital Public Radio News

• California’s pot industry could top seven billion dollars a few years from now. But a lot of that business might have to be handled in cash, because most banks are reluctant to go against federal drug rules. 

California Gov. Jerry Brown, left, responds to a question while testifying in support of Assembly Bill 398, by Assemblyman Eduardo Garcia, D-Coachella, one of two bills to extend state's cap and trade program.
Credit Rich Pedroncelli / AP photo

• California Governor Jerry Brown says the state should link its signature climate-change program, cap-and-trade, to its European counterpart.

Today's reporting by Daniel Potter and Ben Bradford.