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SB 1116: Banking Services for Medical Marijuana Treatment Centers

GENERAL BILL by Taddeo

Banking Services for Medical Marijuana Treatment Centers; Revising the definition of the term “financial institution” to include a medical marijuana limited charter bank or credit union licensed under the Marijuana Limited Charter Banking and Credit Union Law; designating the “Medical Marijuana Limited Charter Banking and Credit Union Law”; prohibiting persons from providing banking services to medical marijuana treatment centers without a medical marijuana limited charter bank or credit union license, etc.

Effective Date: 7/1/2019
Last Action: 3/5/2019 Senate - Introduced -SJ 118
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Innovation, Industry, and Technology (IT)
  3. Rules (RC)



Bill History

Date Chamber Action
2/18/2019 Senate • Filed
2/28/2019 Senate • Referred to Banking and Insurance; Innovation, Industry, and Technology; Rules -SJ 118
3/5/2019 Senate • Introduced -SJ 118