CU Times Online Exclusive: Marijuana Business Banking in 2017

CU Times Online Exclusive: Marijuana Business Banking in 2017
January 30, 2017 Marketing GrafWebCUSO

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Despite growing acceptance of medical and recreational marijuana use across the country, legalization of the drug still remains a taboo topic for many. And legal marijuana businesses, which rake in a hefty share of revenue annually, continue to operate in cash-only environments and have struggled to gain access to traditional financial services. In this online exclusive, Sundie Seefried, president/CEO for Partner Colorado Credit Union in Arcada, Colo., discusses why her credit union – which serves about 275 marijuana dispensaries, cultivators and product manufacturers – remains committed to serving the industry when its future remains uncertain.