Hawaii Legislature likely to discuss details of legalizing medical marijuana dispensaries – Pacific Business News
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During the upcoming legislative session, Hawaii lawmakers are likely to discuss the implications of legalizing medical marijuana dispensaries.
Topics expected to be discussed are: how and if depository institutions will serve the businesses, job protection for the users, and proposing more ways to qualify for a medical marijuana card, according to industry leaders.
While medical marijuana is legal in Hawaii, marijuana is still illegal under federal law, and banks are prohibited from opening accounts for illegal activities.
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“The big question is whether any depository institution in Hawaii is willing to serve marijuana-related businesses, since Hawaii law requires depository institutions to be federally-insured (by FDIC or…