Schumer: Growth of Industrial Hemp Industry in Rochester-finger Lakes, WNY Hindered by Lack of Access to Traditional Financial Services for Crop
October 01, 2019
October 01, 2019
WASHINGTON, Oct. 1 -- Sen. Charles E. Schumer, D-New York, issued the following news release:
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- Senator Urges Feds To Issue New Guidance To Better Harvest Potential Of Versatile And Valuable Crop
- While Industrial Hemp Growing And Selling Was Legalized This Year--Due To Schumer Provision In The Farm Bill--Many Banks & Other Financial Institutions Are STILL Hesitant To Provide Services To Hemp Businesses Due To Confusion Over Legal Status
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* * *
- Senator Urges Feds To Issue New Guidance To Better Harvest Potential Of Versatile And Valuable Crop
- While Industrial Hemp Growing And Selling Was Legalized This Year--Due To Schumer Provision In The Farm Bill--Many Banks & Other Financial Institutions Are STILL Hesitant To Provide Services To Hemp Businesses Due To Confusion Over Legal Status
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