Marijuana Related Business – WA Exam Update

The DFI released updated examination procedures for marijuana related businesses directed to DCU examination staff. Included in the procedures is an appendix that focuses on pricing of accounts for, and lending to, marijuana related business accounts.  It is an eye-opening read for credit unions considering loaning to these businesses. In addition to the updated examination procedures, the DFI has a … Read More

Updates on the Marijuana Market

In November, the US Postal Service in Portland issued a directive warning that it is illegal to mail advertisements about buying or selling marijuana.  While they cannot refuse the mailing, they will report it to law enforcement agencies.  USC 843(c) deems it unlawful to place an ad in any publication with the purpose of seeking or offering illegally to receive, … Read More