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 hearing that he was not inclined to issue an injunction forcing the Federal Reserve Bank of Kansas City to grant a master account to Fourth Corner Credit Union.
“I would be forcing the reserve bank to give a master account to a credit union that serves illegal businesses,” Jackson said.
Colorado created Fourth Corner Credit Union last year to serve the marijuana industry. [Read more at The Denver Post]