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2016 Regular Session
Overview
At the request of:
Chief Sponsors: Representative Hoyle, Olson, Read, Wilson
Regular Sponsors: Representative Helm, Holvey, Keny-Guyer, Lininger, Williamson (Presession Filed)
Bill Title: Relating to cannabis; and declaring an emergency.
Catchline/Summary: Exempts financial institutions that provide financial services to marijuana related businesses, researchers and laboratories from any criminal law of this state that has element that may be proven by substantiating that person provides financial services to person who lawfully possesses, delivers or manufactures marijuana or marijuana derived products.
Directs Oregon Liquor Control Commission, Oregon Health Authority and Department of Revenue to provide financial institutions with certain information related to licensed or registered marijuana related businesses, researchers and laboratories upon request. Directs Department of Consumer and Business Services to study and report on any legislation or administrative action required to facilitate financing of] provision of depository and related financial services to businesses that engage in production, processing or sale of marijuana and marijuana derived products. Declares emergency, effective on passage.
Chapter Number: Chapter 97
Fiscal Impact: Has Minimal Fiscal Impact
Revenue Impact: No Revenue Impact, Statement Issued (Indeterminate Impact)
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: Chapter Number Assigned
Current Committee:
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Subsequent Referral(s):
Measure History
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