‘Inundated’ CA credit union suspends new applications from cannabis firms

Article was originally posted here

A small credit union in Sonoma County, California, is hitting pause on processing applications for marijuana companies because it’s trying to deal with a backlog of cannabis businesses clamoring for financial services.

Since word spread in the marijuana industry that North Bay Credit Union has been working with MJ companies for the past year, the Santa Rosa institution has been “inundated with hundreds of inquiries and simply cannot process them all inasmuch as we have a limited staff,” North Bay

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