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Legislation watch
2017 Senate Bill 5928: Making financial services available to marijuana producers, processors, retailers, qualifying patients, health care professionals, and designated providers as authorized under chapters 69.50 and 69.51A RCW
Introduced by Sen. Ann Rivers (Vancouver) (R) on April 23, 2017
Referred to the Senate Financial Institutions & Insurance Committee on April 23, 2017
Substitute offered in the Senate on January 18, 2018
Specifies that financial institutions that provide financial services to the regulated marijuana industry do not commit a crime for providing those financial services.
Referred to the Senate Rules Committee on January 19, 2018
Amendment offered by Sen. Mark Mullet (Issaquah) (D) on February 13, 2018
Rather than list individual entities, provides that a person or entity that receives deposits, extends credit, conducts funds transfers, transports cash, or provides other financial services for a regulated marijuana licensee does not commit a crime for providing those services.
The amendment passed by voice vote in the Senate on February 13, 2018
Received in the House on February 15, 2018
Referred to the House Judiciary Committee on February 15, 2018
Signed by Gov. Jay Inslee on March 15, 2018