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Solution on the horizon for marijuana business banking issues

According to MJBizDaily, a Colorado-based credit union believes it may have the solution to marijuana businesses’ banking issues, one that it hopes will be available in six states by the end of this year and about 20 by the end of 2018. Sundie Seefried – the CEO of Partner Colorado Credit Union and architect of the institution’s Safe Harbor Private Banking program, which handles about $80 million per month in marijuana business deposits in the state – is betting on that success and a new potentially pioneering deal in Hawaii to prove it’s possible to safely bank cannabis companies.

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