CO SB075

Establishes authority for medical marijuana licensees and registered patients to form exclusive financial cooperatives subject to state credit union regulations and the Commissioner of Financial Services.

Prohibits financial cooperatives from using the term "credit union" in any documents or self-descriptions.

Requires financial cooperatives to maintain either federal share insurance through the National Credit Union Administration or comparable non-federally backed insurance that excludes coverage for federal government seizure, or self-insurance approved by the commissioner.

Allows cooperative members to retain membership even if they lose their medical marijuana license or patient registry identification card.

Requires the commissioner to promulgate rules providing notice to prospective and current members explaining differences between financial cooperatives and other state financial institutions.