Guidance on Banking Fails to Reassure

Guidance on Banking Fails to Reassure

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:


Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

View a Sample Price Report Downloadable PDF

  • This field is for validation purposes and should be left unchanged.

*all fields required

More from the author


Quality Management Systems


Hemp Markets Evolving at Rapid Pace


Hemp Breeding

Latest News


Podcast: Feedstocks to Biofuels Market Intelligence Weekly Webinar


Small Refinery Exemptions



Quality Management Systems

Latest Tweets

Chase Hubbard is on Thursday's discussion of The ‘Lo Down: Real Talk With Hemp Farmers. We’re going over the hemp marketplace with a fine-tooth comb, from pricing to ... forecasting, commoditization challenges, policy and much more #cbd #hempfarming

Webinar on 2020 Organic Corn and Soybean planting survey results, presented tomorrow. #organic #organicfood ... #grain #corn

Load More...