Fourth Corner CEO: Marijuana credit union will pursue Federal Reserve master account “sooner rather than later”

After being on the favorable end of a “historic” ruling in federal court, a Denver marijuana credit union will again apply for a master account with the Federal Reserve Bank of Kansas City, the credit union’s CEO said Thursday.

Fourth Corner Credit Union formed in 2014 — the same year Colorado initiated legal adult-use sales — to provide banking services to a marijuana industry struggling to bank by traditional means amid conflicted federal and state laws. The credit union landed a state charter, but was denied a master account by the regional bank for the Federal Reserve…

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