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Bennet Welcomes New Banking Guidelines for Hemp Farmers and Processors

Following Bennet Letter to Federal Financial Regulators, New Guidance Will Help Hemp Industry Access Banking System  Washington, D.C. – Today, Colorado U.S. Senator Michael Bennet welcomed new guidance from federal financial regulators that would help hemp producers and processors gain access to the banking system. Despite the removal of hemp as a Schedule 1 drug last December following passage of the Agriculture Improvement Act of 2018  (“2018 Farm Bill”), many growers and processors are still unable to access financial services due to a lack of clarity from regulators. In June, Bennet sent a letter pressing regulators to provide the clarityRead More