Three years after Oregon voters approved recreational cannabis sales, only two credit unions have stepped up to the plate to offer banking services to this fledgling industry.
This week, Ernie Harrison, CU Times special correspondent, speaks to executives at Maps Credit Union and Wauna Credit Union about why they're serving the cannabis market, the regulatory requirements and risks associated with it.
Nagging legal questions, intense scrutiny and high fees are posing challenges to introducing banking services to this traditionally cash-only business.
This is the next stop on the cross-country credit union tour – the great state of Oregon.
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