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Credit Unions React to Feds' Decision Threatening Their Lucrative Pot Business

One CU CEO says it's "business as usual" for now, but at least one CEO may consider an exit strategy.

By Peter Strozniak | Updated on January 05, 2018

Credit unions that serve the marijuana industry are not pressing the panic button yet in reaction to U.S. Attorney General Jeff Sessions decision to reverse former President Barack Obama’s policy that shielded legalized pot businesses from federal prosecution.

While credit union executives, who have a lot of money riding on Sessions’ decision, are saying publicly that they are waiting to hear more from federal agencies before responding, at least one CEO, who wrote the book on pot banking, may be already considering an exit strategy that would shut down the credit union’s lucrative marijuana business.

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Peter Strozniak

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