Tester Demands Regulators Allow Hemp Producers to Bank Locally, Slams Agency for Disregarding Federal Law
October 18, 2019
October 18, 2019
WASHINGTON, Oct. 18 -- Sen. Jon Tester, D-Montana, issued the following news release:
Following six months of inaction from the Financial Crimes Enforcement Network (FinCEN) on updating its hemp-related guidance, U.S. Senator Jon Tester is demanding that they comply with federal law and cease prohibiting local banks from accepting funds related to hemp farming.
"Montana leads the nation in hemp production, planting more than 40,000 acres in 2019," Tester wrote . . .
Following six months of inaction from the Financial Crimes Enforcement Network (FinCEN) on updating its hemp-related guidance, U.S. Senator Jon Tester is demanding that they comply with federal law and cease prohibiting local banks from accepting funds related to hemp farming.
"Montana leads the nation in hemp production, planting more than 40,000 acres in 2019," Tester wrote . . .