Recreational marijuana use and sales were legalized in Washington state in 2012.

Credit unions were formed to serve the underserved. So when members told the $195 million O Bee Credit Union they were entering the recreational marijuana business, the Olympia, Wash., credit union originally chartered in 1955 to serve workers at Olympia Brewing Co. knew they were ready to move on to harder stuff.

For those members, it wasn’t just a matter of passing the pipe. They formed the vanguard of a newly legalized recreational marijuana industry. They needed support from a financial institution to grow businesses designed to serve this emerging market segment, Roberts said.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.