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Senate Bill 1167 Printer's Number 1808

PENNSYLVANIA, June 22 - Pennsylvania Securities Act of 1972.

(2) The term includes a service, whether performed

directly or indirectly, authorizing, processing, clearing,

settling, billing, transferring for deposit, transmitting,

delivering, instructing to be delivered, reconciling,

collecting or otherwise effectuating or facilitating the

payments of funds, where funds payments or funds are made or

transferred by any means, including by the use of credit

cards, debit cards or other access devices, accounts,

original or substitute checks or electronic funds transfers.

"Hemp." As defined under section 297A of the Agricultural

Marketing Act of 1946 (132 Stat. 4908, 7 U.S.C. § 1639o).

"Insurance service." A service authorized to be provided by

an insurer in this Commonwealth.

"Insurer." An entity or person authorized by the Insurance

Department to transact the business of insurance in this

Commonwealth or designated as an eligible surplus lines insurer

as defined in section 1602 of the act of May 17, 1921 (P.L.682,

No.284), known as The Insurance Company Law of 1921. The term

includes a person licensed by the Insurance Department to sell,

solicit or negotiate insurance, and that person's officers,

directors, agents and employees.

"Legitimate cannabis-related business." A person that

participates in any business or organized activity that involves

handling cannabis or a cannabis product, including cultivating,

producing, manufacturing, selling, transporting, displaying,

dispensing, distributing or purchasing cannabis or a cannabis

product in compliance with Federal law, the laws of this

Commonwealth or a law established by another state.

"Licensee." A person defined as a licensee by section 2 of

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