Finance

Fourth Corner Credit Union building in Denver.File Image: David Zalubowski, AP
 
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.

File image of the Fourth Corner Credit Union building in Denver. AP Photo/David Zalubowski
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.

Canada cannabis flag. Image: Oren neu dag via Wikimedia Commons
Alexandra Posadzki ~ The Canadian Press via GlobalNews.ca ~
 
Friendlier laws on medical marijuana use in Canada are already drawing American investment north of the border, and the trend is likely to further ignite if the federal Liberals make good on their promise to allow recreational use of the drug.

A tractor cuts a small plot of hemp at a University of Kentucky research plot near Lexington. Image: Dylan Lovan, Associated Press via Washingtonpost.com
 
Tobacco isn’t the reliable cash crop it once was. And that has hundreds of other farmers across the South revisiting a plant from deep in the region’s past: industrial hemp.

Flag Map of Washington State via Wikimedia Commons
 
Washington State expects marijuana sales taxes to bring in more than $1 billion over the next four years, according to a budget forecast published by the Office of Financial Management.

Advertising staff at Australian Government Printing Office, 1921. Image via Wikimedia Commons
Kathleen Burke ~ MarketWatch ~
 
 If you’re a small-business owner and marijuana has been legalized in your state, should you care?

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