CA credit union reveals that it’s been banking cannabis businesses for a year

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A California credit union said it has been providing banking services to licensed marijuana businesses for roughly a year, the North Bay Business Journal reported.

North Bay Credit Union in Santa Rosa is currently handling financial transactions for cannabis companies in areas north of San Francisco, such as Sonoma County, though CEO Chris Call declined to identify the institution’s clients, the Business Journal reported.

The credit union is limiting the size of the deposits made by cannabis businesses so the

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