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. California State Treasurer @fionama, CPA, convened industry leaders, financial institutions, regulators and policymakers for Continuing the Conversation: Advancing Safe and Legal Banking for California’s Cannabis Industry. Learn more about our marijuana bill tracker and become a supporter on Patreon to get access. In September, the governor also signed a measure into law to put a pause on a recently enacted tax hike on marijuana products. California officials recently awarded nearly $30 million in grants for marijuana-focused academic research projects.