Glover Law
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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: July 1, 2019

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