Federal Reserve Sends Reminder That Hemp Businesses Can Get Bank Accounts

Marijuana Moment
By Kyle JaegerFeb 21, 2020, 9:17 am293 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…

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