CERTIFICATION OF ENROLLMENT
ENGROSSED SUBSTITUTE SENATE BILL 5928
Chapter 68, Laws of 2018
65th Legislature
2018 Regular Session
MARIJUANA--FINANCIAL SERVICES
EFFECTIVE DATE: June 7, 2018
ENGROSSED SUBSTITUTE SENATE BILL 5928
Passed Legislature - 2018 Regular Session
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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
9.01 RCW.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
NEW SECTION. Sec. 1. A new section is added to chapter 9.01 RCW to read as follows:
(1) A person or entity that receives deposits, extends credit, conducts funds transfers, transports cash or financial instruments on behalf of a financial institution, 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 under any Washington law solely by virtue of receiving deposits, extending credit, conducting funds transfers, transporting cash or other financial instruments, or providing other financial services for the person.
(2) For the purposes of this section, "person or entity" means 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 that has been contracted by a financial institution, or a person providing financial services pursuant to a license issued under chapter
18.44, 19.230, or
31.04 RCW.
(3) A certified public accountant or certified public accounting firm, which practices public accounting as defined in RCW
18.04.025, does not commit a crime solely for providing professional accounting services as specified in RCW
18.04.025 for a marijuana producer, marijuana processor, or marijuana retailer authorized under chapter
69.50 RCW.
Passed by the Senate February 13, 2018.
Passed by the House March 1, 2018.
Approved by the Governor March 15, 2018.
Filed in Office of Secretary of State March 16, 2018.
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