Marijuana banking to be discussed in Santa Rosa

Marijuana banking to be discussed in Santa Rosa

“A cash-only economy comes with risks, from safety concerns for employees handling large amounts of cash to staff time required to handle all aspects of the business involving money.

 There are other risks, too. When CannaCraft was raided by Santa Rosa police in July while the city’s rules on cannabis manufacturing were in flux, it was payday and the company had $500,000 in cash sorted into envelopes for staff. Police confiscated the money and still have it, even though the case has stalled and prosecutors have not charged any of the operators with a crime.

“It’s the most serious issue facing the industry,” said Kirk Anderson, CannaCraft’s chief operations officer. Anderson’s brother is Darius Anderson, a principal in Sonoma Media Investments, which owns The Press Democrat.”



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