The challenge posed by a lack of access to banking and other financial services was an unforeseen obstacle for many hemp businesses. Credit unions have been instrumental in many cases, but commercial banks are reticent to bank hemp clients because of perceived risk. Very few commercial banks have ventured to work with hemp clients.
Interim guidance was issued as early as August 2019, as reported by The Jacobsen. This guidance was proffered by the National Credit Union Administration (NCUA), who released fresh guidance last week in a FAQ format. This guidance doesn’t offer any new protections to banks but provides details for banking hemp and staying compliant. You can read more about it here:
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02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
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02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...