Nationwide, finding banking services for marijuana shops remains a major issue, said Taylor West, deputy director at the National Cannabis Industry Association.

“Every possible solution has been tried,” she said. “This is a nationwide, $3 billion, largely cash-only industry.”

Even if a credit union that was chartered in a state wanted to provide banking services to a marijuana shop, they would still need the stamp of approval from the feds to do everyday banking, West said.

“Some retailers have gone through 15 to 20 bank accounts. Individuals get their accounts shut down due to their involvement with the industry,” West said.

Read more: http://vtdigger.org/2016/01/26/marijuana-legalization-hits-hurdles/