Feds to Banks: It’s OK to Work With Hemp Companies
From CannabisWire.com
Hemp businesses won’t have to jump through so many hoops to secure banking services.
Four federal agencies and state bank regulators released a statement Tuesday that “emphasizes” that “banks are no longer required to file suspicious activity reports (SAR) for customers solely because they are engaged in the growth or cultivation of hemp,” as long as all parties are following the law.
