credit

We first told you about the Fourth Corner Credit Union back in November 2014, with our William Breathes noting that it was "set to open" – possibly as soon as January 1, 2015 – "and even has the backing of Governor John Hickenlooper, who calls it the 'end of the line' for the banking issues that...

A federal judge said Monday he sympathizes with pot businesses faced with contradictory regulations, but he expressed misgivings about forcing federal officials to approve a marijuana credit union. U.S. District Judge R. Brooke Jackson made it clear at a court hearing that he was not inclined...

An attorney for the U.S. Federal Reserve has asked a federal judge in Denver to dismiss a companion lawsuit by Fourth Corner, saying that chartering a bank for marijuana businesses would be "criminal". At the center of the case is Fourth Corner Credit Union, a Colorado-based credit union set...

One of legal marijuana's biggest hurdles will be discussed this morning as a federal judge considers a Colorado credit union's arguments for allowing marijuana banking services. Fourth Corner Credit Union, which was "constructed from the ground up to serve the interests of the legalized cannabis...

Salem, Ore. - Securing something as simple as a checking account in the legal cannabis business can be nearly impossible. That's because banks are wary that federal agencies will slap them with money-laundering charges — despite assurances to the contrary. Pot business owners across Oregon...