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3 Reminders for CUs Lending to Cannabis Businesses: Onsite at CUBG

PORTLAND, Ore. Legal experts offer pointers to credit unions looking to lend to cannabis businesses.

By Natasha Chilingerian | Updated on August 08, 2017
Legal experts Dennis Baranowski, left, and Nema Daghbandan, right, discuss best practices for cannabis business lending.

PORTLAND, Ore. – Cannabis businesses loans are a territory most credit unions would choose to steer clear of, but at the 2017 CUBG National Conference Tuesday, Dennis Baranowski and Nema Daghbandan of Geraci Law Firm offered pointers on how to do just that to a small group of curious lending executives during a breakout session, “What Every Credit Union Should Know About the Green Rush – Lending to the Cannabis Industry.”

Their Irvine, Calif.-based firm provides services related to the legal aspects of loans, including cannabis business loans. While marijuana remains federally illegal, the federal government has released enforcement memos that allow marijuana businesses to carry on with their operations without being prosecuted.

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Natasha Chilingerian

Natasha Chilingerian

Natasha Chilingerian has worked in the credit union space for over a decade. She joined CU Times as managing editor in 2015 and was promoted to executive editor in 2019. Before that, she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer and editor for more than 17 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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