Tag: cannabis bank

Colorado Cannabis Bank Sues Federal Reserve

Colorado’s Fourth Corner Credit Union has filed lawsuits against the Federal Reserve and the National Credit Union Administration for denying it the right to operate within the banking system. The Fourth Corner Credit Union, located in Denver, was created specifically to serve the legal cannabis industry. It got state approval back in November, but has …

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Colorado Division of Financial Services Grants Charter to Credit Union for Cannabis Industry

By Associated Press DENVER, CO — Colorado has granted a charter for the first financial institution to serve its cash-only marijuana industry. However, before it can open permanently for business, action is also required by the National Credit Union Administration and Federal Reserve. The Colorado Division of Financial Services issued the charter Wednesday to The …

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