Senators Wyden and McConnell Press for Hemp Industry Banking Services
Canna Law Blog
APRIL 6, 2019
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. Ron Wyden (D-OR) and Senate Majority Leader Mitch McConnell (R-KY), sent individualized letters to four federal banking and financial regulatory institutions on April 2, 2019, pleading them to prevent bankin
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