Thank you for sharing!

Your article was successfully shared with the contacts you provided.
marijuana leaf with stack of cash Source: Shutterstock

There are many players in the cannabis-industry supply chain. However, there is one that every credit union should be on the lookout for at all times: The “ancillary” business.

An ancillary business is an organization that supplies products or services to the cannabis industry, but does not work directly with the plant or plant by-products. Ancillary businesses would not typically hold a license for cultivating, producing, manufacturing, selling, transporting, displaying, dispensing, distributing or purchasing cannabis or cannabis products, yet they handle funds that originate from the sale of cannabis.


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 TreasuryandRisk.com and Law.com.

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

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.