Pam Maucher, CCCE, CAMS

Chief of Staff, The Association of Certified Commercial Cannabis Experts (ACCCE). Connect with me on LinkedIn
3 Key Lessons From the First Cannabis Banking Enforcement Action

3 Key Lessons From the First Cannabis Banking Enforcement Action

In what appears to be the first penalty levied against a financial institution banking commercial cannabis businesses, Live Life Federal Credit Union has entered into an administrative order with the National Credit Union Administration (NCUA) for failures related to its cannabis banking program. As Live Life Federal Credit Union emerges from this administrative order, and more lessons are learned, cannabis bankers will be more empowered to make the appropriate risk-based decisions when it comes to managing their MRB portfolios.