CannaInvestor Press Release
Cannabis Businesses with Access to Banking Improve Overall Public Safety
MENLO PARK, Calif., Feb. 15, 2018 -- Adherence Compliance today announced the release of its 2017 Cannabis Operations and Compliance Data Spotlight, which features operational cannabis compliance data and statistics from hundreds of regulatory and financial inspections. Cannabis banking data and statistics are featured as a new section to the 2017 report.
Bulldog Federal Credit Union in Maryland is the latest financial institution utilizing Adherence's Enterprise Compliance Platform and its Adherence SCORE App to inspect, monitor and report on operational risk for marijuana business.
"Our credit union is leveraging the Adherence SCORE App, as well as our Adherence-trained risk analyst as a compliance inspector, to evaluate and routinely monitor the operational risk of businesses who are afforded operational accounts. We can evaluate state, county and city code enforcement requirements for dispensaries, cultivators and manufacturers for enhanced due diligence. We review prior history and active disciplinary actions," said David Barrett, President of Bulldog Federal Credit Union.
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