Half Banked
For the vast majority of banks and credit unions, working with the fast-growing legal cannabis industry is out of the question, an endeavor not worth the risks due to ambiguous federal law, reputational risks and other factors.
But opportunities for innovation and community support exist for financial institutions willing to engage with marijuana-related businesses. The November-December issue of Texas Banking features research by C. T. Bauer College of Business finance professor Elizabeth Berger that explores how two credit unions in Washington State made it work.
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