CU 2.0 Podcast: 19 – Up in smoke, credit unions and cannabis, Part 1
Call this podcast Up In Smoke, Credit Union Style.
The more formal moniker: Cannabis and Credit Unions: The Opportunities and Risks, Part 1.
That’s right. There is also a Part 2 because there just is so much to report about cannabis and financial institutions.
In Part 1, you will hear from a couple lawyers, a cannabis lobbyist, a pair of credit union consultants, and more.
Why the hubbub about a little weed? For one, a commonly tossed around market size estimate is $50 billion in the US and much of that is unbanked cash.
For two, there are big differences between state laws regarding cannabis and federal.
In two thirds of the states cannabis is legal – either for medical uses or, in some cases such as California and Colorado, for any use. That’s right. Recreational use is legal in some states.
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