S-3986.1
SUBSTITUTE SENATE BILL 5928
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State of Washington | 65th Legislature | 2018 Regular Session |
By Senate Financial Institutions & Insurance (originally sponsored by Senators Rivers, Palumbo, and Hasegawa)
READ FIRST TIME 01/19/18.
AN ACT Relating to 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; and adding a new section to chapter
9A.04 RCW.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. A new section is added to chapter 9A.04 RCW to read as follows:
(1) A financial institution, as defined in RCW
30A.22.040, an armored car service operating under a permit issued by the utilities and transportation commission, or a person providing financial services under a license issued under chapter
18.44, 19.230, or
31.04 RCW that receives deposits, extends credit, conducts funds transfers, or provides other financial services for a marijuana producer, marijuana processor, or marijuana retailer authorized under chapter
69.50 RCW or for a qualifying patient, health care professional, or designated provider authorized under chapter
69.51A RCW, does not commit a crime solely by virtue of receiving deposits, extending credit, conducting funds transfers, or providing other financial services for the person.
(2) A certified public accountant or certified public accounting firm, engaged in the practice of public accounting as defined in RCW
18.04.025, does not commit a crime solely for providing professional accounting services for a marijuana producer, marijuana processor, or marijuana retailer authorized under chapter
69.50 RCW.
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