Fourth Corner Credit Union,

Blossoming Denver-based marijuana credit union denied by Feds; suit filed

Kieran Nicholson ~ Denver Post ~

A Denver-based credit union aiming to become the first of its kind — one created to serve the Colorado marijuana industry — has suffered a setback.

Colorado's pot industry is a cash business. A small credit union wants to change that. – Marijuana News

Calling itself the "littlest David" battling the "biggest Goliath," a fledgling Colorado credit union took the Federal Reserve to court Monday in a case that may determine whether the cannabis industry will bank openly or continue to operate almost entirely in cash.

Fed wants Denver marijuana credit union lawsuit snuffed out

James Dornbrook ~ Denver Business Journal~

The Federal Reserve Bank of Kansas City has asked a federal judge in Colorado to dismiss a lawsuit filed against it by a Denver-based credit union that wants to provide financial services to the marijuana industry.

Feds Block Push by Colorado to Create Pot Bank

Kristen Wyatt~ Associated Press~

DENVER (AP) -- Colorado's attempt to create a bank to service its marijuana industry has received a setback from the Federal Reserve.

Judge tosses Denver marijuana credit union's suit for federal approval – Marijuana News

Forcing Federal Reserve to bank on pot credit union would give approval to criminal activity, federal judge says.

KC Fed finds itself at the center of marijuana debate

James Dornbrook ~ Kansas City Business Journal ~

The Federal Reserve Bank of Kansas City finds itself in the middle of a heated debate about the legalization of marijuana, as the target of a lawsuit filed by a credit union seeking to serve the industry.

The marijuana banking dilemma

Bruce Kennedy~ WeedWorthy ~

Denver’s Fourth Corner Credit Union launched last year as an answer to the legal marijuana industry’s inability to access financial institutions. But the Fed had other plans.