|Now, together with NBCU, CCIA announce an exclusive partnership that will benefit its members by offering this member service, to help members navigate the tricky business of legal cannabis.
This partnership now offers CCIA members the opportunity to access banking services such as:
- Checking accounts
- Online bill payment
- Wire transfers and ACH processing
- Employees of CCIA members are also welcome to join as individual members of the credit union
All three regulatory agencies released new regulations based on AB 1525 (Jones-Sawyer) which incentivizes banks, credit unions, and other financial institutions to provide services to the cannabis industry by clarifying their ability to access track and trace data, but only with the express permission of cannabis licensees. CCIA was an active proponent of this bill and lobbied for its passage.