Denver credit union continues marijuana banking crusade
DENVER (AP) – A Colorado credit union – once on the cusp of revolutionizing banking for marijuana businesses before being thwarted by the Federal Reserve Bank of Kansas City – has resumed its quest to open.
But going into the new year, The Fourth Corner Credit Union – a state-chartered credit union in Denver – again finds itself in a courtroom battle with the Kansas City Fed for the ability to open and serve marijuana businesses.
This time, the credit union is approaching the challenge with a new strategy – a scaled-back mandate to serve only advocacy groups rather than its previous, broader ambition to serve plant-touching businesses.
Read More at KDMiner.com