Hemp Banking
Manage episode 301094768 series 2965541
Hemp Banking Episode Resources:
Host: Jonathan Miller
Guest: Bill Repasky
Blog: Hemp Legally Speaking
Hemp industry questions covered in this episode:
- Speaking of cannabis in general, why are hemp businesses having trouble accessing banking services in states where the product is legal?
- Hemp is federally legal everywhere under the 2018 Farm Bill – so why in the world are hemp businesses still having problems in this area?
- CBD companies have particularly difficult issues with banking services. Why is that the case?
- What are the biggest issues that hemp-related businesses can expect to encounter when opening business accounts at banks or credit unions?
- Concerning retail hemp-related businesses that directly sell merchandise to customers, what issues exist for accepting consumers’ payments by credit cards?
- Regarding the U.S. House of Representatives’ SAFE Banking Act, what are the benefits for hemp-related businesses?
- What are the substantive differences between banks and credit unions for hemp-related businesses?
- If I am a hemp or CBD business, what steps do you recommend I take to access the full range of banking and credit card services?
- If I am a consumer who supports hemp and CBD, what should I do to help out?
If you have questions about the episode or ideas for Hemp related topics, email us at hemplegallyspeaking@fbtlaw.com
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