Initiating a Hemp Banking Program
The risk profile of the CBD business for banks may be compounded by a number of factors.
Tag: Hemp
ABA Data Bank: Emerging Interest in Hemp, Alternative Energy Financing
Are your customers inquiring more about financing hemp production or alternative energy projects such as solar panels on the farm? ...
FinCEN Issues BSA/AML Guidance on Hemp-Related Businesses
The Financial Crimes Enforcement Network today issued guidance for financial institutions on how they can conduct due diligence on hemp-related ...
ABA, Groups Urge Crapo to Advance Cannabis Banking Bill
The American Bankers Association joined more than a dozen industry and advocacy trade organizations in a letter to Senate Banking ...
USDA to Delay Certain Requirements for Industrial Hemp Producers
The Department of Agriculture announced last week that it will delay the enforcement of certain requirements of a December 2019 ...
What Compliance Needs to Know About Hemp
While the 2018 Farm Bill authorized production and processing of hemp plants with less than 0.3% THC content, bankers need ...
ABA Calls for Transparency on Hemp Licenses, Flexibility on THC Test
ABA today recommended several changes to the U.S. Department of Agriculture’s interim final rule that would facilitate banks offering services ...
House Members Caution Crapo on Changes to Cannabis Bill
The four bipartisan lead sponsors of the SAFE Banking Act—passed by the House last fall—yesterday wrote to Senate Banking Chairman ...
ABA Addresses Crapo’s Concerns about Cannabis Banking Bill
After Senate Banking Committee Chairman Mike Crapo (R-Idaho) raised concerns last month about the ABA-supported SAFE Banking Act, ABA today ...
Banking Agencies Issue ABA-Urged Guidance on Hemp Banking
The federal banking agencies and the Financial Crimes Enforcement Network, in consultation with the Conference of State Bank Supervisors, today ...
