Federal judge hears arguments on marijuana banking
In this Friday, Nov. 27, 2015 photograph, jars of different type of marijuana sit on counter during a sale at the Denver Kush Club in north Denver. A marijuana banking case set for arguments Monday will test the federal government's stated goal of addressing the cash-only nature of the quasi-legal pot industry. (David Zalubowski, Associated Press)
A federal judge said Monday he sympathizes with pot businesses faced with contradictory regulations, but he expressed misgivings about forcing federal officials to approve a marijuana credit union.
U.S. District Judge R. Brooke Jackson made it clear at a court hearing that he was not inclined to issue an injunction forcing the Federal Reserve Bank of Kansas City to grant a master account to Fourth Corner Credit Union.
"I would be forcing the reserve bank to give a master account to a credit union that serves illegal businesses," Jackson said.
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