New Mexico Credit Union First In Nation To Set Up Protocols For Cannabis Banking, Blow To Illicit Dealers

On Monday, New Mexico Attorney General Hector Balderas announced that New Mexico-based U.S. Eagle Federal Credit Union is the first financial institution in the country to become certified for outstanding U.S. monetary protocols in banking cannabis and hemp operation.

The certification is a part of a financial services certification program run by the Policy Center for Public Health & Safety in collaboration with state attorneys general as well as a broader certification effort being implemented by ASTM international and PH&S.

"The marijuana industry will soon be exploding in New Mexico, and it is important to have safeguards to mitigate illicit and criminal conduct, Balderas said. "This is an important first step in partnering with legally compliant businesses in the marketplace."

Endorsed by Safe Harbor Financial, a subsidiary of Partner Colorado Credit Union, the certification brings and financial transparency to ensure the safety of …

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