Word is some banks and credit unions are coming online to serve these businesses, but they’re all doing so under the radar of the public eye. According to a recent report in Forbes, the number financial institutions actively banking the cannabis industry as of January had increased 18% from the prior year.
Stakeholders say the board of one Ohio community bank voted this month to work with marijuana businesses, but they’ve wished to remain unidentified.
Wright-Patt Credit Union in Beavercreek has provided an account to the Ohio Regional Cannabis Chamber of Commerce, said founder Jeff LaFollette. But the credit union did not respond to a request for comment.