Greater Nevada Increases Support for Cannabis Banking

Greater Nevada Credit Union is extending its banking services to include cannabis-related businesses.

According to the corporation, they are now offering a “suite” of banking products to small businesses to assist remove cash as a barrier.

Credit unions are permitted by law to provide a standard range of financial services for business accounts to legitimately operating cannabis enterprises.

This comprises clinics, laboratories, agricultural services, and other such facilities.

According to the credit union, employees will benefit from more flexibility and security in their banking.

There are 756 cannabis-related businesses in the state, according to the Cannabis Compliance Board for the State of Nevada.

Credits: 2News

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