Marijuana Banking Archives - Page 4 of 4 - Cannabis Business Executive

Judge Dismisses Denver Credit Union’s Lawsuit Against Federal Reserve

January 5, 2016
AggregatedNews
Banking, Finance & Real Estate, News & Insights
0 Comments

A judge on Tuesday dismissed a lawsuit seeking federal approval for the first credit union for marijuana in Colorado, saying that allowing it "would facilitate criminal activity." U.S. District Judge R. Brooke Jackson said in a nine-page opinion that he…

Federal Judge Has Misgivings About a Charter for Marijuana Credit Union

December 29, 2015
AggregatedNews
Banking, Finance & Real Estate, News & Insights
0 Comments

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…

The Best Kept Banking Secret in the Cannabis Industry

During a routine audit of a business account in 2014, Maps Credit Union in Salem, Oregon discovered it was providing financial services for a marijuana dispensary. Shane Saunders, vice president of operations for Maps, said the credit union had a…

Next Month, Fourth Corner Credit Union Will Get Its Day in Court

October 29, 2015
Mark Goldfogel
Banking, Finance & Real Estate, Colorado, Policy & Legal
0 Comments

By Mark Goldfogel On Dec. 28, 2015, The Fourth Corner Credit Union will have its day in court. As a defense to the lawsuit, the Federal Reserve Bank of Kansas City argues this case is about the federal illegality of cannabis,…