Schumer: Growth of Flourishing CNY Industrial Hemp Industry Being Hindered By Lack of Access to Traditional Financial Services on Legalized Crop
August 12, 2019
August 12, 2019
WASHINGTON, Aug. 12 -- Sen. Charles E. Schumer, D-New York, issued the following news release:
* * *
- Senator Urges Feds to Issue New Guidance to Assure Financial Institutions of Hemp Legality Asap, to Better Harvest Potential of Versatile Crop for CNY Farmers
- On Heels Of The Legalization Of Industrial Hemp Growing And Selling, Many Banks & Other Financial Institutions Are Grappling With Confusion Over Legal Status & Refuse To Provide Services
* * *
- Senator Urges Feds to Issue New Guidance to Assure Financial Institutions of Hemp Legality Asap, to Better Harvest Potential of Versatile Crop for CNY Farmers
- On Heels Of The Legalization Of Industrial Hemp Growing And Selling, Many Banks & Other Financial Institutions Are Grappling With Confusion Over Legal Status & Refuse To Provide Services