Santa Fe, NM – Eight months after the Federal Justice Department and Treasury Department announced new guidelines allowing banks to work with marijuana businesses, some of the credit unions in New Mexico sent letters to close to half of the State’s licensed medical marijuana producers saying they will no longer accept their business and proceeded with closing their accounts. The credit unions assert that they are unable to comply with federal guidelines for servicing the accounts. This move leaves producers in the lurch, with either having to operate on a cash only basis or scramble to find another …read more