Monday, August 15, 2016

Alaska USA Closes Members Accounts Serving Recreational Pot Business

Alaska USA Federal Credit Union (Anchorage, AK) has closed accounts of members starting marijuana businesses.

A spokeswoman for Alaska USA Federal Credit Union confirmed that 10 accounts linked to people starting a marijuana-related business have been restricted.

The credit union in July sent a letter to account holders applying for a state cannabis business license notifying them to close their credit union accounts by August 19.

In 2014, Alaska voters in 2014 voted to legalize recreational pot. However, Federal law classifies marijuana as a top-tier illegal controlled substance.

Read more here.

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