What You’ll Learn
- See how Salal Credit Union is expanding cannabis banking to New York, what services we offer, and how to connect with us at Hall of Flowers NYC this October.
Salal Credit Union is bringing its cannabis business banking services to licensed and regulated businesses in New York State. This expansion answers requests from several current members and allows us to bring our decade of industry experience to one of the most promising new cannabis markets in the country.
“Several of our members asked us to bring our services to New York, and we saw a real opportunity to expand with them,” said Munzer Sukhun, Vice President of Business Services. “When our team attended a cannabis conference in the state this summer, we were impressed by the passion and professionalism of the businesses we met. It confirmed that our experience could make a real impact here.”
Aligned with New York’s Social Equity Goals
New York’s social and economic equity program is among the most robust in the nation, helping communities disproportionately impacted by prohibition. Salal’s Social Equity Cannabis Banking program complements these efforts by offering reduced fees and balance requirements for the life of the account to social equity license holders.
More Than Just Business Banking
While cannabis businesses in New York do have some banking options, few providers offer the full suite of services that Salal brings. In addition to business banking, lending, and advanced money movement solutions (ACH, wire, and remote deposit capture), we also provide personal banking and credit card access for cannabis business owners and employees. By addressing the needs of both businesses and individuals, we aim to remove barriers and reduce the stigma that too often limits access to financial services.
Refer a Cannabis Business and Earn $250*
If you’re a current Salal cannabis business member, you can help the industry grow while earning rewards. Through our CannaBusiness Referral Program, you’ll receive a $250 statement credit for every cannabis business you refer that successfully opens an account with us—and they’ll receive $250 too.*
Learn more about our CannaBusiness Referral Program.
Meet Us at Hall of Flowers NYC Booth #A344
We’ll be at the East Coast debut of Hall of Flowers, October 8–9, 2025, at Pier 36 in Lower Manhattan. This exclusive trade show is open to licensed cannabis industry professionals only.
Get in Touch
If you’re interested in additional services, want to refer another business to Salal, or would like to connect with members of our team attending Hall of Flowers, reach out at 206.298.9398 or BusinessInquiries@SalalCU.org.
