HLG The Week In Review 2.9

Fed Backs Marijuana-Focused Credit Union, Trump Treasury Secretary Wants Marijuana Money In Banks, New Frontier Data Buys Hemp Business Journal, A 12-year-old Is Suing Attorney General Jeff Sessions

Fed Backs Marijuana-Focused Credit Union

A Federal Reserve Bank has given conditional approval to a Colorado credit union to serve marijuana-linked businesses, though to win the Fed’s backing it agreed to step back from its original plan to serve state-licensed dispensaries. Instead, Fourth Corner Credit Union will focus on individuals and companies that support legalized marijuana, including those who partner with vendors, such as accountants and landlords. Read more

Trump Treasury Secretary Wants Marijuana Money In Banks

The Trump administration's top fiscal official appeared to voice support for letting marijuana businesses store their profits in banks. "I assure you that we don't want bags of cash," Treasury Secretary Steven Mnuchin testified on Tuesday during an appearance before the House Financial Services Committee. "We want to make sure that we can collect our necessary taxes and other things." Read more

Cannabis industry analytics firm New Frontier Data buys Hemp Business Journal

Cannabis data clearinghouse New Frontier Data has made a move to bring hemp into its fold with the acquisition of Denver-based Hemp Business Journal, the firms are expected to announce Wednesday. Financial terms of the transaction between the privately held companies were not immediately disclosed. Read more

Jeff Session's War On Cannabis Goes To Court, Attorney General Will Fight 12-Year-Old With Epilepsy

A 12-year-old suing the federal government may have a whiff of adorableness. But for Alexis Bortell, who filed a lawsuit against Attorney General Jeff Sessions last fall, it's a choice she had to make to save her life. Alexis has epilepsy, and Sessions has made it his mission to make it impossible for her to access the only drug that has kept her seizures at bay: cannabis. Read more

Utopia Hopes to Be First Licensed Cannabis-Infused Spa in Denver

Cindy Sovine, a longtime lobbyist who has recently provided her services to the cannabis industry, says she wants to open Utopia All Natural Wellness Spa and Lounge in the Capitol Hill neighborhood and allow several cannabis-infused activities...if approved by the Denver Department of Excise and Licenses. Read more