Federal Reserve Blocks ‘Marijuana Bank’ in Colorado

Now the Federal Reserve is muddying the waters further with a court filing against the Fourth Corner Credit Union, which was established specifically to handle Colorado's marijuana cash

COLORADO: Marijuana-related businesses in Colorado are so profitable that the government doesn’t know what to do with all of the tax revenue they’re generating. But business owners face a more immediate problem: Where to stash their own profits when banks won’t take it. Because marijuana is a federally banned Schedule I substance, most banks have been reluctant to Read the full article…