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The California Report

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Secondary Market Developing for California's IOUs
Friday was the last day most major banks allowed customers to deposit IOUs checks issued by the state. Though the registered warrants can't be redeemed until October 2, one online firm is offering a solution for those wanting to convert the scrips into cash now.

THC Expo Looks to Legalization
It's been 13 years since California voters first approved of marijuana for medical use. More recently, in April, 56 percent said 'yes' to a Field Poll asking whether all pot should be legalized. A visit to the THC Expo in Los Angeles offered a small taste of what the future could hold. There was something for every attendee, from the consumer looking for paraphernalia to the new medical marijuana dispensary operator looking for product lines, legal advice or even medical education.

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