Fourth Corner Makes Case for MJ Banking, Awaits Ruling

If R. Brooke Jackson was a congressman, he would rule in favor of banks that want to open accounts for marijuana businesses. But at a hearing on Monday, Jackson told lawyers for the Fourth Corner Credit Union that he is a U.S. district court judge who must uphold existing federal laws that make it illegal for banks to serve cannabis-related clients.

Judge Jackson’s comments don’t bode well for the Colorado credit union, which filed a lawsuit in October asking the court to issue an…

CONTINUE READING: Click Here to Continue Reading Article …