Remove Banking Remove Hemp Remove Programs
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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.

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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.

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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?

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Article: Initiating a Hemp Banking Program

Cannabis Law Report

Here’s the introduction to a piece written by Jessica Caballero, CRCM, CERP for the ABA Banking Journal Industrial hemp is… Read More. The post Article: Initiating a Hemp Banking Program first appeared on Cannabis Law Report.

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Cannabis Banking: Swissx Launches California Bank and Farming Program

Cannabis Law Report

Expanding on its hemp exchange, cryptocurrency and cooperative farming program, Swissx is offering microloans for land and equipment in the Golden State Malibu, CA, July … Read More.

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Newly Published Paper: Not a SAFE Bet: Equitable Access to Cannabis Banking, An Analysis of the SAFE Banking Act

Cannabis Law Report

According to its sponsors and supporters, the Safe and Fair Enforcement (‘SAFE’) Banking Act would help address the challenges faced by small cannabis businesses that cannot currently access banking services or loans. Expand required federal guidance and reports to promote equity alongside diversity and inclusion.

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Weekly Legislative Roundup 4/5/19

NORML

Governor Janet Mills (D) of Maine signed legislation into law to allow the production and retail sale of hemp-derived CBD products. Governors Doug Burgum (R) of North Dakota and Henry McMaster (R) of South Carolina signed industrial hemp production legislation into law. CA resident? Legislation is pending, H. Update : H. FL resident?