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Colorado Credit Union Issued Conditional Account by the Federal Reserve

February 13, 2018

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December 9, 2014

Marijuana money-laundering fears lead to actual money laundering. Trevor Hughes, USA TODAY

(Photo: Trevor Hughes/USA TODAY)


DENVER — Colorado's marijuana businesses have a cash flow problem: Too much cash is flowing in and they've nowhere to put it.

Most banks refuse to...

November 21, 2014

The attorneys representing Colorado's first financial institution created for the marijuana industry are confident they'll get the insurance and master account from the Federal Reserve they'll need to provide services for legal marijuana businesses in the state.


November 21, 2014

The credit union could open in January even as it waits to be granted insurance by federal regulators


America’s rapidly-expanding marijuana industry faces a major quandary: large, national banks are afraid to do business with cannabis businesses for fear of running afo...

November 21, 2014

DENVER — 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 Color...

November 20, 2014

The world's first financial institution established specifically for the marijuana industry could be open in Colorado by Jan. 1.

The Colorado Division of Financial Services late Wednesday issued The Fourth Corner Credit Union an unconditional charter to operate, the fir...

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