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Hot off the press cannabis, marijuana, cbd and hemp news from around the world on the WeedLife Social Network.

Will federal marijuana banking law weed out industry obstacles? - Cannabis News

BOSTON (AP) -- As marijuana shops sprout in states that have legalized the drug, they face a critical stumbling block - lack of access to the kind of routine banking services other businesses take for granted.

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Virginia Weed Laws: Decriminalization Breakdown

BOSTON (AP) -- As marijuana shops sprout in states that have legalized the drug, they face a critical stumbling block - lack of access to the kind of routine banking services other businesses take for granted.

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Hemp History Week puts pressure on Congress to pass bill - Cannabis News

Image: The Fourth Corner Credit Union

Forcing Federal Reserve to bank on pot credit union would give approval to criminal activity, federal judge says.

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

Customers shop at the Grass Station dispensary in Denver. Because of federal banking regulations, Colorado's $700-million-a-year industry runs almost entirely on cash. Image: Brennan Linsley, Associated Press via Los Angeles Times

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.

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Senate Public Health & Welfare Committee hold last Medical Marijuana public hearing

Fourth Corner Credit Union building in Denver.File Image: David Zalubowski, AP
 
The Federal Reserve Bank of Kansas City has asked a federal judge in Colorado to dismiss a lawsuit filed against it by a Denver-based credit union that wants to provide financial services to the marijuana industry.
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This Low-Impact Activity May Burn More Calories Than Walking

File image of the Fourth Corner Credit Union building in Denver. AP Photo/David Zalubowski
Kristen Wyatt ~ Associated Press
 
DENVER (AP) -- Colorado's attempt to create a bank to service its marijuana industry has received a setback from the Federal Reserve.
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Hemp milk claims to be the greenest yet – but is it any good?

Mark Goldfogel with The Fourth Corner Credit Union speaks at the National Cannabis Summit. Image: WeedWorthy.com
Bruce Kennedy ~ WeedWorthy ~
 
Denver’s Fourth Corner Credit Union launched last year as an answer to the legal marijuana industry’s inability to access financial institutions. But the Fed had other plans.
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Legal marijuana is replacing black market weed in this state

U.S. Federal Reserve System Seal. Image via Wikimedia Commons
Kieran Nicholson ~ Denver Post ~
 
A Denver-based credit union aiming to become the first of its kind — one created to serve the Colorado marijuana industry — has suffered a setback.
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