--- title: Nevada Introduces Bill to Create a Marijuana Bank description: The Nevada Legislature has introduced a bill that would establish a marijuana credit union or charter bank. The marijuana bank will primarily allow special purpose checks to be issued for the payment of state taxes, rent and operational expenses. The bank would be a bare bones alternative to storing money under the mattress. Some interesting […] image: https://cdn.prod.website-files.com/66525ec138843cc1ccb1c325/68c301ebaa36be33aa2af8f7_1a3f16114a452999cc4d7d6b36ae1602_Obedio%20march%20of%20progress.png --- [Skip to content](https://hs.getobedio.com/blog/2019/04/09/2019-4-9-nevada-introduces-bill-to-establish-a-marijuana-bank#main-content) [![Obedio logo with black text and an orange graphic composed of four circles and a diagonal arrow pointing up and right.](https://cdn.prod.website-files.com/66525ec138843cc1ccb1c325/66529844eddaa630d6da1b42_obedio%20gold%20for%20white%20background.png)](https://getobedio.com) [Team](https://www.getobedio.com/team) [Pricing](https://www.getobedio.com/pricing) [Contact](https://www.getobedio.com/demo) [Blog](https://www.getobedio.com/blog) [Login](https://obed.io/v4/login) Banking # Nevada Introduces Bill to Create a Marijuana Bank ![Susan Ameel](https://7528315.fs1.hubspotusercontent-na1.net/hub/7528315/hubfs/raw_assets/public/mV0_d-cms-elevate-theme_hubspot/elevate/images/avatar-placeholder.jpg?width=48&height=48&name=avatar-placeholder.jpg) Susan Ameel April 9, 2019 The Nevada Legislature has introduced a [bill](https://www.leg.state.nv.us/App/NELIS/REL/80th2019/Bill/6820/Text)that would establish a marijuana credit union or charter bank. The marijuana bank will primarily allow special purpose checks to be issued for the payment of state taxes, rent and operational expenses. The bank would be a bare bones alternative to storing money under the mattress. Some interesting highlights from the bill include: - The bank’s board will be responsible for finding safe ways for broker-dealers and investment advisers to buy and hold cannabis investments for customers. - A banking license costs $10,000 and is not transferable. - The bank accounts are not required to be insured by the FDIC. - The bank may cash a check for a non-customer if the check was issued by the bank, and it was issued for an approved purpose (ie, taxes, operational expenses, rent). ## Share this post [mailto:https%3A%2F%2Fhs.getobedio.com%2Fblog%2F2019%2F04%2F09%2F2019-4-9-nevada-introduces-bill-to-establish-a-marijuana-bank](mailto:https%3A%2F%2Fhs.getobedio.com%2Fblog%2F2019%2F04%2F09%2F2019-4-9-nevada-introduces-bill-to-establish-a-marijuana-bank) ## Keep reading ### [California Ballot Measure Local Municipalities California voters will decide 118 local tax measures and $8.07 billion in bond requests on November 3](https://hs.getobedio.com/blog/california-voters-will-decide-118-local-tax-measures-and-8.07-billion-in-bond-requests-on-november-3) ### [Local Ordinance Zoning Ordinance Development Data Federal Realty Asks La Mesa to Approve a 165,000-Square-Foot Bass Pro Shops Where Macy's Stood at Grossmont Center](https://hs.getobedio.com/blog/federal-realty-asks-la-mesa-to-approve-a-165000-square-foot-bass-pro-shops-where-macys-stood-at-grossmont-center) [![Obedio your municipal data source](https://hs.getobedio.com/hs-fs/hubfs/google%20workspace-1.png?width=100&height=41&name=google%20workspace-1.png "Obedio your municipal data source")](https://getobedio.com) Obedio's business intelligence platform provides data and insights from over 25,000 municipalities, enabling retail, manufacturing, finance, real estate, and government clients to make informed decisions, assess risk, and identify opportunities. **Data Source & Liability Disclaimer:** The data presented on this website is aggregated from various official government and public entities ("The Original Government Sources"). 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