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Wednesday, April 27, 2016 1:10:10 PM
The Fourth Corner case draws a lot of media attention, but dozens of cannabis businesses in Oregon, Colorado and Washington state already have accounts with a established banks and credit unions. These aren’t national brands like Bank of America or Wells Fargo. They’re small, state-chartered institutions with names you’ve probably never heard of: Salal, Maps, Timberland, Numerica.
It’s the industry’s quiet little secret — only it’s not exactly a secret. A few financial institutions are open about their cannabis clientele. Salal Credit Union in Seattle has been serving the cannabis sector since mid-2014.
https://www.leafly.com/news/headlines/shh-heres-how-cannabis-companies-are-banking-legally-on-the-down
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