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Colorado Credit Union Issued Conditional Account by the Federal Reserve

February 13, 2018

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Denver-based Fourth Corner Credit Union was granted a small win when the Federal Reserve Bank of Kansas City issued them a conditional master account, according to an article in Westword.

In a letter, the Federal Reserve agreed to issue the credit union a master ac...

February 12, 2018

Big news from the Federal Reserve this week.

As new Fed Chairman Jerome Powell was taking his seat at the head of America’s central bank amid a major market correction, a big decision in favor of the marijuana industry was buried in all the noise.

Turns out the Fed just...

February 9, 2018

Banking and general financial services have been a great white whale for the cannabis industry, as financial institutions continue to be wary of the plant's illegal status with the feds. But a recent settlement between a Colorado credit union and the Federal Reserve Ba...

After a 39-month legal battle, the Fourth Corner Credit Union, the nation’s first state-chartered marijuana credit union, finally received a conditional approval by the Federal Reserve Bank of Kansas for a master account that will eventually allow the Denver-based cred...

A Denver credit union that wants to offer banking services to marijuana businesses has received conditional approval from the Federal Reserve Bank of Kansas City.

The Fourth Corner Credit Union has been trying for years to set up a credit union that would bank marijuana...

A Denver credit union aiming to serve the marijuana industry has received a Federal Reserve Bank’s blessing — albeit a conditional one — for the right to a master account.

The Feb. 2 decision by the Federal Reserve Bank of Kansas City to conditionally grant a master acc...

DENVER (CN) – A credit union serving the marijuana industry has sued the Federal Reserve, asking a federal judge to enforce the 10th Circuit’s order to grant the credit union a master account despite its ties to pot.

The marijuana industry came closer to being able to d...

A district judge dismissed the Fourth Corner Credit Union’s lawsuit against the U.S. Federal Reserve Bank of Kansas City earlier in January. The decision stopped the credit union, which was authorized by Colorado in 2014, from obtaining a “master account” that would’ve...

January 2, 2015

Kristi Kelly owns legal marijuana stores in Colorado called Good Meds and has lost 23 bank accounts in five years.

Even though medical marijuana is legal in Colorado and 22 other states, it's still illegal on the federal level. And that means banks generally don't want...

December 14, 2014

 

In this video, Paige Figi talks about the need for banking services in the marijuana industry.

Her daughter Charlotte, 8, benefits from a strain called Charlotte's Web (her namesake) and Figi would like to make it available to all similarly sick children. This is tough...

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