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Proposed Bill Could Let Nevada Marijuana Businesses Work With Banks

Banking is definitely a top priority in cannabis legislation across legal states

Nevada’s first full year of legal adult-use marijuana sales is set to exceed more than $400 million in sales. But the dispensaries, producers and marijuana growers in the state still have no stable place for all that cash.

A proposed law for the 2019 Nevada Legislature could prove to be a remedy for what is seen as one of the biggest issues facing the booming cannabis industry in the Silver State.

The proposal comes from Senate Judiciary Committee, currently chaired by state Sen. Tick Segerblom, D-Las Vegas. It would create a state-chartered bank where privately insured institutions would be licensed to handle money from marijuana businesses.

 

To Read The Rest Of This Article On Las-Vegas Review Journal, Click Here

 

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