Yesterday’s Hemp Bulletin commentary emphasized the importance of professional agricultural services that have enabled the hemp sector to normalize. Professional accounting, legal, and insurance services have also pivoted to accommodate hemp and cannabis operators. Hemp and cannabis make an attractive marketing segment for many general services companies. Some local banks and credit unions have done this, but overall, banks are keeping their distance from hemp operators.
In 2019, financial institutions casually notified many long-time clients that their accounts were being closed. Elavon, the merchant services provider that is a subsidiary of US Bank Corp, led the carnage in spring of 2019, giving customers ~6 weeks to find an alternative. Our understanding of this sudden pivot was that lax oversight and dated risk management policies allowed for a…
01.09.2025
Additional 45z guidance expected on January 10
Information addressing the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) is expected to be released on Friday January 10, according to several sources speaking with...
01.09.2025
Prices for US animal fats and oils unchanged; market tightness persists
The US animal fats and oils markets were unchanged on Thursday January 9, as trade slowed following an active start to the week.
Participants continued to report stable pricing in...
01.09.2025
Averted ILA port strike eases animal protein market tension; November dog, cat food exports rise
US animal protein prices were steady on Thursday January 9. With the International Longshoremen’s Association (ILA) port strike avoided, sources expect unease to diminish to a degree. However, trade...