Colorado's pot industry is a cash business. A small credit union wants to change that

December 29, 2015 5:01 AM

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Calling itself the "littlest David" battling the "biggest Goliath," a fledgling Colorado credit union took the Federal Reserve to court Monday in a case that may determine whether the cannabis industry will bank openly or continue to operate almost entirely in cash.

Denver's Fourth Corner Credit Union is looking to be the first financial institution in the nation that caters openly to the cannabis industry. But the Federal Reserve Bank of Kansas City, which oversees the Denver district, has denied it a master account needed to do business.

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