The Cannabis Banking Problem
A Cautionary Court Case on Marijuana Banking
The fragility of the financial regulatory space surrounding marijuana didn’t deter every financial institution. Some hearty entrepreneurs saw the change in state law as an opportunity to bring the federal government kicking and screaming into the era of marijuana legalization. Fourth Corner Credit Union provides the best example of what happens when even motivated financial institutions face the reality of the state-federal mismatch.
Fourth Corner Credit Union was chartered in Colorado with the full support …
