cannabis credit unions

Cannabis credit unions are financial cooperatives that specifically serve the cannabis industry, including growers, distributors, and retailers. Due to the federal status of cannabis as illegal in the U.S., many traditional banks refuse to work with cannabis businesses. These credit unions provide essential banking services like checking accounts, loans, and payment processing, which help cannabis companies manage their finances legally and securely. By focusing on this niche market, cannabis credit unions help support the growth of the industry while ensuring compliance with state and local regulations.