Tag Archives: Credit Union

Fourth Corner Credit Union Gains Conditional Approval From the Federal Reserve

Fourth Corner Credit Union Conditionally Approved by Federal Reserve

Fourth Corner Credit Union Conditionally Approved by Federal Reserve

A Colorado credit union dedicated to serving the cannabis industry is one step closer to becoming fully operational. On Feb. 5, 2018, the Fourth Corner Credit Union was given conditional approval by the Federal Reserve Bank of Kansas City for a master account.

This is How Hawaii Dispensaries Are Going Cash Free

This Is How Hawaii Dispensaries Are Going Cashless

Hawaii dispensaries are saying goodbye to cash and aloha to debit payments. On Sept. 12, 2017, Hawaii’s Financial Institutions Commissioner Iris Ikeda announced that the state would be the first in the country to require that cannabis sales be cashless.

Banking

Federal Reserve Rejects Marijuana Banking

The marijuana industry has faced another setback in its quest to gain access to basic banking services. According to the Associated Press, the Federal Reserve said in a court filing that it does not intend on accepting any money from businesses connected to the sale of marijuana.


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