SB 63
Creates new provisions relating to financial institutions
LR Number:
Last Action:
7/6/2023 - Signed by Governor
Journal Page:
Effective Date:
August 28, 2023
House Handler:

Current Bill Summary

SB 63 - This act allows any entity that operates as a marijuana facility licensed or certified under Article XIV of the Constitution of Missouri to request in writing that a state or local licensing authority or agency, including but not limited to the Department of Health and Senior Services or Department of Revenue, share the entity's application, license, or other regulatory and financial information with a banking institution. Such written request must include a waiver giving authorization for the transfer of the individualized data, information, or records and waiving any confidentiality or privilege that applies to that individualized data, information, or records. A state or local licensing authority or agency is permitted to share the entity's information with the banking institution's state and federal supervisory agencies as well.

This act is identical to a provision in the truly agreed to and finally passed CCS/HCS/SB 186 (2023)and SCS/HCS/HB 725 (2023) and substantially similar to HCS/HB 425 (2023), SCS/SB 716 (2022), a provision in HCS/SS/SCS/SB 931 (2022), and SCS/SB 489 (2021).