Governor Signs Bill Removing State Criminal Liability From Credit Unions Doing Business With Legal Pot Industry
The Oregonian and OregonLive covered NWCUA insight on new Oregon law addressing financial services for legal marijuana businesses.
April 5, 2016
By Noelle Crombie | The Oregonian/OregonLive
A bill that removes state criminal liability from banks and credit unions that do business with legal pot enterprises was signed Monday by Gov. Kate Brown.
House Bill 4094 removes from state statutes any criminal liability for providing banking services to legal cannabis businesses. The law also directs the Oregon Department of Consumer and Business Services to study what other potential options may be available for banking services for the legal marijuana industry.