Credit union expands banking for cannabis-related businesses

When Chief Martin Brody, Roy Scheider’s character in the 1975 movie Jaws, first lays eyes on the massive shark while spreading chum at sea, he utters one of cinema’s most enduring and iconic lines: “You’re gonna need a bigger boat.” It’s kind of the same for banking executives at Greater Nevada Credit Union after expanding a 2020 pilot program that provided banking services to cannabis-related businesses in the Silver State. After taking more than 40 clients since the program's inception, GNCU realized it needed to invest in larger counting machines to handle the heavy volume of cash generated from its CRB customers.