Tag : hemp banking

Cash Crop 150

CCT150 Top 5 Banking Solutions for the Cannabis and Hemp Industries

Federally run banking institutions have been instructed to refrain from opening bank accounts with companies involved in the cannabis and hemp industries. If they do, they could receive stiff fines or risk having their doors shut for good. This has caused the emergence of a series of companies focused on...

New York Calls on Banking Institutions to Work with Cannabis Businesses

In early July, New York Governor Andrew Cuomo gave his support and guidance to New York State chartered banks and credit unions instructing them to work with legal industrial hemp and cannabis businesses in the state. “The ability to establish a banking relationship is a challenge that legal industries face...