Credit union closes accounts connected to pot businesses

FAIRBANKS, Alaska (AP) – A federally chartered Alaska credit union has restricted the personal accounts of people 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 Fairbanks Daily News-Miner reported.

The credit union in July sent a letter to account holders applying for a state license for a cannabis business. They were told to close credit union accounts by Aug. 19.

“Alaska USA is a federally chartered credit union, we do not offer account services to any...