Finance

Credit Union Editor Urges Credit Unions to Work with Marijuana Businesses

A top editor from the Credit Union Times has spoken up to her peers and suggested that credit unions change their stance on restricting marijuana businesses from using credit unions. Not only to the credit unions stand to bring in more revenue, but it gives them the ability to help force change industry wide. As of now, it is strictly an editorial opinion, but if the leading publication is making a statement, then some credit unions will be less risk averse to working with cannabis businesses.

A top editor at the Credit Union Times says more credit unions should begin taking on marijuana businesses as customers.

“With a major state like California coming close to legalizing recreational pot – something that may tip the scales on legalization efforts in other states and pressure the federal government to give existing pot businesses easier access to financial services – it’s time for more credit unions to embrace the idea of serving the marijuana industry,” Natasha Chilingerian wrote in a piece published Sept. 16 on her trade publication’s website.

Chilingerian added that accepting marijuana businesses as customers is consistent with the “philosophy” of credit unions, including improving community safety by taking money off the street, and helping small businesses.

In an email, Chilingerian said the article represents her own views, versus Credit Union Times as a whole.

What irks me about this article is the comment “readers are calling this an immoral and dangerous activity” and yet these same hypocrites will drink and drive or condone drinking. The Cannabis community is faced with these ill informed hypocrites who believe all the dribble being put out there by Big Pharma and the alcohol and chemical companies who stand to lose BILLIONS of dollars if Cannabis becomes totally legal. Wake up and help the people that are medically benefiting from their use of medical cannabis. Legal prescription drugs are killing 30,000+ people a year. No one has ever, in the world, ever died from an overdose of Cannabis.

read more at mjbizdaily.com

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Brian Wroblewski

Brian Wroblewski has a passion for writing, travel, food and family. Since working in and around the cannabis industry since 2008, Brian brings a unique perspective to the cannabis journalism space. With a focus on emerging brands, moving the cannabis industry forward and an undeniable passion for truth in business and journalism, find some of Brian's posts across the web on digital marketing, cannabis and a variety of different topics.

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