Tag: banking
FinCEN Guidelines Clarify Due Diligence Requirements Regarding Hemp Businesses
WASHINGTON, D.C. – The U.S. Treasury Department Financial Crimes Enforcement Network (“FinCEN”) at the end of June issued guidelines for financial institutions that clarified...
Hemp Farmers Struggle to Cultivate Profits as Banks Still Balk at Industry
Hemp has the potential to grow big profits for farmers, but regulatory ambiguity and skittish banks seem to be creating major obstacles.
As the United...
Hemp and CBD Businesses May Finally Have Access to Financial Services
Business owners in the hemp and CBD industries may soon have access to essential financial services.
The National Credit Union Administration (NCUA) has announced that...
Square, Inc. Beta-Testing Payment Processing for CBD Vendors
SAN FRANCISCO, Calif. – Payment platform Square, Inc. has launched a beta program offering payment for select CBD product vendors. Cannabis journalist Tom...
