The bill allows the State Treasurer to name select financial institutions to hold and disperse funds for the Medical Cannabis Act.  The bill sets basic banking parameters for the funds.  This is important because federal banks are not able to provide loans or hold money for cannabis operations. 

Sponsors

Nelson, Pushkin, Hornbuckle, McGeehan, Householder, Barrett, Fluharty, Wilson, Byrd, Campbell, Queen

Status

Signed by governor

Session

2019

Bill number

Position

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