Looking for an update on banking?
Here it is:
No news. Nothing’s changed. All quiet on the Banking Front.

If you want banking information for your cannabusiness we suggest going to the source. Go to your bank. Talk to them see where they are and what their plans are. If they are not offering services ask them if they know of any banks that are? Banks need to know there is a serious demand for this business and until you start knocking down their doors, they may not make it a priority.

In his May 23, 2014 post on the Weed Blog Russ Belville wrote:

“I’m covering the Marijuana Business Association Canna Business & The Law seminar in Seattle. On the second panel, “Managing Your Marijuana Business Money”, Bob Schweigert from Salal Credit Union announced that Salal will be offering banking, loan, and tax payment services for I-502 licensees in Washington State.

This is the second credit union in Washington State to announce that they will work with the marijuana industry. The other credit union is Numerica Credit Union, who announced that the would only be working with processors and growers, and only those that are located in the areas they have branches.”

If you want a legitimate bank account have you contacted these credit unions? Surely they will be a great source of information and you might even find yourself opening an account.

Here is Russ’ post


And Russ’ interview with Bob Schweigert http://420radio.org/2014/05/22/salal-credit-union-will-offer-banking-services-to-i-502-licensees/

in the interview Bob gives the following contact information: Carmella Murphy Houston Salal Credit Union
a quick Google and here you are:

Monday, December 10th, 2012
Salal Credit Union is pleased to present our new Member Business Services division headed by Carmella Houston, Vice President. We offer products, services, and tools tailored for businesses right here at home.

Business owners looking for financial solutions will find what they need at Salal CU: business deposit products, business loans, commercial real estate loans, credit cards, cash management, and more. If you have an established business, you can now turn to the Credit Union you already know and trust. Let Salal CU help you grow your business.

For more information, please visit our website, salalcu.org, or contact our Member Business Service division by calling Salal at 800.562.5515 or 206.298.9394.


Do you have a cannabis business banking relationship? Please share your bank’s contact information!