San Francisco is looking to create the nation's second publicly owned bank, stemming solely from the state's marijuana legalization effort.
The Chronicle's EMILY GREEN: "This time San Francisco wants to be second — second in the nation to have a publicly owned bank, that is. There’s only one right now: the Bank of North Dakota."
"The reasons? The legalization of marijuana in California, the constant demand that the city divest from one bank or another for one political reason or another, and the fact that undocumented immigrants can’t get bank accounts."