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Assembly Bill 466 mandates the development of a pilot program by the State Treasurer to establish closed-loop payment processing systems. This system aims to facilitate and secure financial transactions for marijuana establishments, including medical marijuana, ensuring compliance with local and state taxation requirements. The bill outlines specific capabilities and regulatory measures to prevent illicit activities related to marijuana transactions, emphasizing the need for safe financial...
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Assembly Bill 466 is a specific piece of legislation that addresses certain regulatory requirements or amendments within a particular jurisdiction, often related to fiscal matters or policy changes.
Typically, organizations or individuals impacted by the provisions of Assembly Bill 466, such as businesses or government entities, are required to file.
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The purpose of Assembly Bill 466 is to implement specific changes in laws or regulations, aiming to address issues or improve certain processes within the legal framework.
The information required typically includes details such as the filer’s identification, relevant financial data, compliance information, and any supporting documentation related to the provisions of the bill.
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