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The USDA's Hempseed Bank

Project CBD

“If the hemp market is to grow and mature, we need to think beyond cannabinoids.”

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Banking Woes and Wins for Hemp-CBD

Canna Law Blog

Our firm represents a number of financial institutions and even a federal agency on banking state-legal cannabis. The number one question we have received lately is: “do you know a bank or credit union that will bank my hemp-CBD business?” And here’s why.

Banking 106
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Hemp Banking, CBD Banking, and Cannabis Banking: What’s The Difference?

Cannabis Law Report

Hemp and cannabis are technically the same plant, but in the eyes of the law, they couldn’t be more different.… The post Hemp Banking, CBD Banking, and Cannabis Banking: What’s The Difference? … Read More. first appeared on Cannabis Law Report.

Banking 98
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Federal Agencies Provide New Guidance for Hemp Banking

Canna Law Blog

The tides have been rapidly changing for hemp companies to gain access to banking, which has not traditionally been available to hemp companies due to the fact that hemp was (sort of) federally illegal until about a year ago. As of the last few months, that has been changing.

Banking 96
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Industrial Hemp and the Banks: Slow Going

Canna Law Blog

We have spilled a lot of ink on this blog related to the 2018 Farm Bill , which legalized hemp at the federal level. This blog post is going to cover financial institutions and hemp at about 10,000 feet. Going forward, hemp will be subject to stiff regulation at the state and federal levels. It’s huge news. Seems easy, right?

Banking 95
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Senators Wyden and McConnell Press for Hemp Industry Banking Services

Canna Law Blog

Unfortunately still the position for most banks and hemp. Shortly after the 2018 Farm Bill passed, legalizing industrial hemp, we predicted that banking services for hemp businesses would be slow going. That has proven to be the case. For this reason, a bipartisan pair of U.S. Senators, Sen.

Banking 99
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Document: (FinCEN) Hemp Guidance Banking June 29 2020

Cannabis Law Report

The Financial Crimes Enforcement Network (FinCEN) is issuing this guidance to address questions related to Bank Secrecy Act/Anti-Money Laundering (BSA/AML) regulatory requirements for hemp-related business … Read More.

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