Federal Reserve Sends Reminder That Hemp Businesses Can Get Bank Accounts

Marijuana Moment
By Kyle JaegerFeb 21, 2020, 9:17 am290 pts
A Federal Reserve Bank district is making clear that financial institutions no longer have to automatically treat hemp businesses as suspicious under reporting rules. In a post on the St. Louis Federal Reserve Bank website, the institution clarified that since hemp was federally legalized under the 2018 Farm…

Read Article Share
Share Article
- email
- twitter
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on NewsBudz

FOHSE Signs Exclusive 5-Year Master Service Agreement With Green Horizons 75

Cannabis Stocks Are Soaring 73

A Gen Zer’s Favorite 7 Trippy Movie Scenes 69

Marijuana MSO TerrAscend completes $79 million in debt financing 64

MOTA Fuels the American Glass Revolution 62

Texas Governor Calls Hemp Products ‘Lawful Agricultural Commodity’ in Special Session Notice 39

Pennsylvania Could Be 25th State to Legalize Adult-Use Cannabis Under New Bill 34

About NewsBudz

NewsBudz is your go-to app for daily cannabis news, covering everything from medical marijuana breakthroughs to recreational cannabis trends and legalization updates.

Our platform aggregates content from over 30 top-tier cannabis news outlets to deliver a curated stream of the latest headlines, insights, and developments across the marijuana and hemp industries.

Whether you're interested in policy reform, health research, cannabis business, CBD, delta 9 products or lifestyle stories, NewsBudz keeps you informed and connected. Accessible on the web and mobile, NewsBudz makes it easy to explore, read, and share cannabis news anytime, anywhere.