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From left to right: CUNA Director of Advocacy Shelton Roulhac, Weedmaps Vice President of Government Relations Dustin MacDonald, Budding Solutions Founder and CEO Shanita Penny, former Colorado Director of Marijuana Coordination Andrew Freeman and Maps CU Chief Risk Officer Rachel Pross.

WASHINGTON – In January when news broke that Attorney General Jeff Sessions had revoked the Cole Memo, Maps Credit Union Chief Risk Officer Rachel Pross ordered $30 million in cash – the same amount the credit union held on deposit for its cannabis business members – from the Federal Reserve and hired more armed security officers for its branches. She had to be prepared to divest the $30 million to those members that same day should Sessions’ action mean a federal crackdown on marijuana businesses, which currently operate legally under state laws. The Cole Memo was developed to shield legalized pot businesses from federal prosecution.

Natasha Chilingerian

Natasha has served as managing editor for CU Times since March 2015. She also served as a communications specialist for Xceed Financial Credit Union in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer for more than 13 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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