It wasn’t a surprise, but it was a disappointment. Judge R. Brooke Jackson rejected The Fourth Corner Credit Union’s suit against the Federal Reserve Bank because marijuana remains illegal under federal law, saying that allowing it “would facilitate criminal activity.”
Read David Migoya’s “Judge tosses Denver marijuana credit union’s suit for federal approval”: http://www.denverpost.com/news/ci_29347393/judge-tosses-denver-marijuana-credit-unions-suit-federal
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.