Colorado regulators gave a green light last week to a group of credit union organizers planning to open the world's first financial institution for the legal cannabis industry.
The Colorado Division of Financial Services issued an unconditional charter for The Fourth Corner Credit Union on Wednesday, according to Commissioner Chris Myklebust.
The planned credit union could open as early as Jan. 1, even though it still has federal regulatory hurdles to clear, said Mark Mason, an attorney who spoke to CU Times on behalf of the organizers.
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