LCO No. 3211 1 of 1
General Assembly Proposed Bill No. 5973
January Session, 2019
LCO No. 3211
Referred to Committee on BANKING
Introduced by:
REP. ROJAS, 9th Dist.
AN ACT REQUIRING A STUDY OF THE FEASIBILITY OF CREATING A
STATE BANK TO SERVICE THE CANNABIS INDUSTRY.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
To require the Department of Banking to study the feasibility of 1
creating a state bank to service the cannabis industry by taking 2
deposits, making loans and providing other financial services to 3
including, but not limited to, cannabis producers, distributors and 4
retailers. 5
Statement of Purpose:
To study the state's ability to support a cannabis industry.