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