1. Hemp Industry Is Cleared to Do Business With Banks

    Hemp Industry Is Cleared to Do Business With Banks

    The number of banks in the United States willing to lend to hemp producers can be counted on one hand. That is about to change.

    Federal and state bank regulators announced Tuesday that they were scrapping a burdensome requirement that banks said kept them away from the hemp business. Banks will no longer have to treat their hemp customers as suspicious and file reams of paperwork to anti-money-laundering authorities for each interaction.

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