Since a prior article on “pot banking,” there have been some interesting recent developments. The most significant has been in Colorado. “Fourth Corner Credit Union” was given conditional approval by the Federal Reserve Bank (FRB) of Kansas City to serve businesses that support “marijuana focused and licensed businesses.” This includes accountants, landlords, vendors and arguably other businesses that contract with… Read Complete Article...

We have begun to hear a common theme among commercial real estate clients throughout our market area. As rates and construction prices continue to rise, the viability of some future projects now appears to be in doubt. Depending on the market and asset type, we are hearing that construction cost inflation is running between 5 and 10 percent over the… Read Complete Article...