National Credit Union Administration Issues Statement About Serving Hemp Businesses
The Blunt Truth
SEPTEMBER 10, 2019
Following last year’s passage of the 2018 Farm Bill, the National Credit Union Administration (NCUA) issued a regulatory update in August of 2019 to federally insured credit unions. The industrial hemp pilot provisions under an earlier 2014 Farm Bill govern the lawful production of hemp; noncompliant production remains illegal.
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