Md. Code, Alco. Bev. § 36-1504

Current with changes from the 2024 Legislative Session

Section 36-1504 - Proceeds

For the purposes of 18 U.S.C. §§ 1956 and 1957 and all other provisions of federal law, the proceeds from a transaction involving activities of a cannabis business or service provider may not be considered proceeds from an unlawful activity solely because:

(1) the transaction involves proceeds from a cannabis business or service provider; or

(2) the transaction involves proceeds from:

(i) cannabis activities conducted by a cannabis business; or

(ii) activities conducted by a service provider.

Md. Code, AB § 36-1504

Added by 2023 Md. Laws, Ch. 255, Sec. 5, eff. 5/3/2023.

Added by 2023 Md. Laws, Ch. 254, Sec. 5, eff. 5/3/2023.