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Credit Union Helps US Marijuana Businesses Put Down Roots

PYMNTS

Treasury Department’s Financial Crimes Enforcement Network (FinCEN), there are approximately 100 credit unions nationwide currently working with legalized marijuana businesses. So, when we started talking to our board of directors about entering the cannabis banking space, we really looked to our mission statement.”.

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Bridging Banking Gaps For Cannabis Companies

PYMNTS

To that end, the number of banking firms that actively provide services for marijuana firms has grown by 20 percent since the dawn of 2018. Treasury Department’s Financial Crimes Enforcement Network (or FinCEN for short). It’s also about providing payroll services for employees. without resorting to cash.

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