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John Hickenlooper

Why there are still no joint accounts at Denver's pot-friendly credit union

Why there are still no joint accounts at Denver's pot-friendly credit union

Saying he could not look the other way in the face of criminal behavior, a federal judge has dismissed a lawsuit by a local credit union seeking approval to become what would be the first financial institution to openly serve the cannabis industry.

In his nine-page order, U.S. District Judge R. Brooke Jackson rejected the lawsuit filed by Fourth Corner Credit Union against the Federal Reserve Bank of Kansas City, which oversees Denver, for refusing it a master account that would enable it to do business.

Fourth Corner wants to be the first financial institution in the nation to legally work with the cannabis business. But it's facing serious hurdles because pot, legal in...

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