PYMNTS

OCTOBER 17, 2018

Legal use does not necessarily mean legitimate business, however, and this emerging and often-controversial industry may quickly encounter financial roadblocks, which credit unions (CUs) are uniquely suited to address. I think the credit union industry plays a very vital role in serving the underserved,” Sbrega said. “I

Credit Union 50

Credit Union Legal Non-Bank Underserved 50

PYMNTS

MAY 14, 2018

The conundrum of cannabis banking in the U.S. But the cannabis market that struggles to access banking services is not limited to small dispensary storefronts (although they are undoubtedly affected by such legal hurdles). The legal marijuana industry in North America, which handled an estimated $9.7 policymakers in 2014.

Legal 52

Legal Fincen Compliance Due Diligence 52

PYMNTS

DECEMBER 26, 2018

Treasury Department’s Financial Crimes Enforcement Network (FinCEN), the number of banking firms that provide services for marijuana firms has grown by 20 percent since the beginning of the year, bringing the current total to 375 banks and 111 credit unions. According to data from the U.S.

Cannabis Banking 55

Cannabis Banking Fincen Legal Financial Crimes 55

PYMNTS

DECEMBER 12, 2018

Treasury Department’s Financial Crimes Enforcement Network (or FinCEN for short). That brings the tally of enterprises offering financial services to cannabis companies to 375 banks and 111 credit unions. That’s according to data published at the end of last month, per data from the U.S.

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Fincen Legal Financial Crimes Credit Union 68