By NCIA
|
January 6, 2016

Credit Union Times: Pot Credit Union Lawsuit Dismissed


Jackson said Congress must act to provide an answer for how to deal with banking services to the marijuana industry.

“This ruling sends a message loud and clear – Congress must act,” Aaron Smith, executive director of the National Cannabis Industry Association, said in a statement. “There’s no shortcut, there’s no Band-aid, there’s no work-around to fix this industry-wide.

“Forcing cannabis businesses to operate without banking access is a crisis, affecting public safety, law-abiding businesses, and the state officials in charge of regulating them. It’s time for Congress to do its job and fix the problem,” he added.

 

Reason: Judge Dismisses Lawsuit by Credit Union Trying to Serve the Marijuana Industry

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