cannabis banking | CUNA News

The many layers of cannabis banking

Marijuana’s illegality on the federal level makes serving marijuana-related businesses a delicate prospect.

While loan opportunities currently are limited, marijuana-related businesses hold considerable potential.

Liquidity is a chief consideration for credit unions entering this business.

Cannabis-banking is a growing line of business with major implications for public safety, financial inclusion, and credit union economics.

The risks, rewards, and pain points of serving marijuana-related businesses.

Last year, Collins says his credit union handled nearly $2 billion in cash from the industry.