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ME LD1314
Bill
AI Summary
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Prohibits creditors from denying credit card applications, refusing to extend credit, or canceling credit cards solely because a person owns, operates, or works for a licensed cannabis establishment or is a registered medical cannabis caregiver
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Allows creditors to still make credit decisions based on other legitimate factors related to a person's creditworthiness
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Requires creditors to keep confidential any information about a person's cannabis industry involvement without the person's consent
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Provides enforcement options for aggrieved persons: filing a complaint with the administrator or bringing a court action for equitable relief including an injunction
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Includes an exception where federal law and regulation prohibit such protections
Legislative Description
An Act to Protect Cannabis Industry Workers' Access to Personal Credit
Financial Practices
Last Action
Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
5/28/2025