Description

Hemp Banking Episode Resources:

Host: Jonathan Miller
Guest: Bill Repasky
Blog: Hemp Legally Speaking

Hemp industry questions covered in this episode:

1. Speaking of cannabis in general, why are hemp businesses having trouble accessing banking services in states where the product is legal?
2. Hemp is federally legal everywhere under the 2018 Farm Bill – so why in the world are hemp businesses still having problems in this area?
3. CBD companies have particularly difficult issues with banking services.  Why is that the case?
4. What are the biggest issues that hemp-related businesses can expect to encounter when opening business accounts at banks or credit unions?
5. Concerning retail hemp-related businesses that directly sell merchandise to customers, what issues exist for accepting consumers’ payments by credit cards?
6. Regarding the U.S. House of Representatives’ SAFE Banking Act, what are the benefits for hemp-related businesses?
7. What are the substantive differences between banks and credit unions for hemp-related businesses?
8. 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?
9. 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