Don't Bet on Pot Banking Getting its Fix Next Year

The tide of support for cannabis legalization is rising, but credit unions and banks will likely have to wait until after the next election until they have a clear green light to serve pot businesses. Next year is expected to be big for marijuana policy across the country, with at least five states...

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Bibliographic Details
Published in:	Credit Union Journal 2015-12, Vol.19 (26), p.13
Main Author:	Cumming, Chris
Format:	Article
Language:	eng
Subjects:	Agribusiness Appropriations Banking industry Banks Banks (Finance) Credit unions Financial services Marijuana Niche marketing State regulation
Online Access:	Get full text
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Summary:	The tide of support for cannabis legalization is rising, but credit unions and banks will likely have to wait until after the next election until they have a clear green light to serve pot businesses. Next year is expected to be big for marijuana policy across the country, with at least five states expected to vote on full legalization and another handful considering some form of decriminalization for medical use. If these measures succeed, it will put still more pressure on lawmakers to help marijuana companies get access to financial services - a policy with growing support in state capitols and among the public.
ISSN:	1521-5105