Limited by U.S. banking rules, pot businesses rely on bags of cash and armed guards

The Fourth Corner Credit Union occupies a prime spot in downtown Denver, not far from the state Capitol. It has a big safe, four teller windows, drive-up service and a banner out front that says, “The Fourth Corner Credit Union Coming Soon.”

But there’s a problem.

The Federal Reserve Bank of Kansas City, which oversees Denver, has refused Fourth Corner’s request for a “master account,” essentially a bank account allowing it to do business.

“You can’t have a bank chartered by the state of Colorado and then…

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