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Ray Blanco: Pot Companies Can Bank, and Make You Bank!

by Ray Blanco
Daily Reckoning

Big news from the Federal Reserve this week.

As new Fed Chairman Jerome Powell was taking his seat at the head of America’s central bank amid a major market correction, a big decision in favor of the marijuana industry was buried in all the noise.

Turns out the Fed just greenlit a new marijuana business.

The Federal Reserve approved a master account for Fourth Corner Credit Union, a new Colorado-based financial institution that will cater specifically to cannabis-related companies.

Continue Reading at DailyReckoning.com…

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