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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.

 

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