How a Banker Sees a Cannabis Account
In the aftermath of last month’s federal court setback for Colorado’s Fourth Corner Credit Union, banking officials and cannabis business owners in other states are searching for creative ways to open legal bank accounts. Leafly recently highlighted the success that small Washington state banks and credit unions have experienced by working within Justice Department, FDIC and NCUA policies.
That model isn’t traveling well, though. Or maybe other state banking officials simply aren’t aware of Washington’s system. California, Nevada andVermont are among many states trying to solve the problem on their own, without much success.
For a banker’s point of view, Leafly asked Steve Kemmerling to give us his perspective on the marijuana business. Kemmerling, a former mergers and acquisitions investment banker, is the founder ofMRB Monitor, a consulting firm that advises banks, credit unions and other financial institutions about handling marijuana related businesses (or in banking parlance, MRBs).
Leafly:...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin