Maine LD859 directs the Treasurer of State to review banking options for cannabis industry.
Maine LD859 resolves that the Treasurer of State, in consultation with relevant state agencies, review banking options for individuals and businesses in the adult use and medical cannabis industries. The review includes examining banking solutions in other states, federal efforts, and potential legislative actions to encourage federal banking solutions. The Treasurer must submit a report by December 3, 2025, to the Joint Standing Committee on Veterans and Legal Affairs, which can then submit legislation based on the report.
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