Vermont officials, lenders look to SAFE Act to help cannabis industry – VTDigger

  • Vermont officials, lenders look to SAFE Act to help cannabis industry
  • Financial institutions are prohibited by federal law from providing services to cannabis businesses.
  • Some, in states like Vermont where medical or retail cannabis sales are legal, have pushed to change the law so that lenders don’t face federal sanctions if they work with businesses operating legally in the state.
  • At least one large credit union, Vermont State Employees Credit Union, already provides lending services to a half-dozen medical marijuana dispensaries in Vermont, said Joe Bergeron, the president of the Association of Vermont Credit Unions.

Read full article: vtdigger.org