Cannabis credit union coming to Colfax

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A new credit union will open at 1275 Tremont Place that caters to the marijuana industry. Photo by George Demopoulos.

A new credit union will open at 1275 Tremont Place that caters to the marijuana industry. Photo by George Demopoulos.

The first branch of the Fourth Corner Credit Union will open soon at Tremont Place and Colfax Avenue.

Fourth Corner will be the only chartered credit union to serve the cannabis and hemp industries. Other institutions have feared federal money laundering charges if they do business with the marijuana industry. There is no concrete opening date yet for the credit union, and the Tremont and Colfax location is the only branch so far.

A new credit union will open at 1275 Tremont Place that caters to the marijuana industry. Photo by George Demopoulos.

A new credit union will open at 1275 Tremont Place that caters to the marijuana industry. Photo by George Demopoulos.

The first branch of the Fourth Corner Credit Union will open soon at Tremont Place and Colfax Avenue.

Fourth Corner will be the only chartered credit union to serve the cannabis and hemp industries. Other institutions have feared federal money laundering charges if they do business with the marijuana industry. There is no concrete opening date yet for the credit union, and the Tremont and Colfax location is the only branch so far.

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POSTED IN Banking
About the Author:

George Demopoulos is a BusinessDen reporter who covers entrepreneurship and fitness/outdoor recreation. He is a graduate of the University of Denver. Email him at [email protected].

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