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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. But that’s the exception.

Oregon 230
article thumbnail

SAFE Banking Act Gains Cannabis-Friendly Spotlight in Congressional Hearing

PYMNTS

Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. But that’s the exception.

Oregon 115