New Jersey S2698 protects financial institutions and insurers from state penalties for doing business with the cannabis industry.
New Jersey S2698 shields financial institutions and insurers from state penalties for providing services to the cannabis industry. The bill prohibits state agencies from penalizing or discouraging financial or insurance services to legitimate cannabis-related businesses and their associates. It also prevents state agencies from taking adverse actions on loans or services provided to these businesses. Additionally, the bill ensures that financial institutions and insurers are not subject to criminal prosecution, sanctions, or claims for damages for serving cannabis-related businesses.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.