Schumer: As Orange County Industrial Hemp Industry Booms, Lack Of Access To Traditional Financial Services For Hemp Hinders Growth & Economic Potential
November 01, 2019
November 01, 2019
WASHINGTON, Nov. 1 -- Sen. Charles E. Schumer, D-New York, issued the following news release:
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- 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
- Schumer Calls On Major Fed Financial Agencies To Rectify Situation By Issuing New Guidance To Financial I . . .
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- 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
- Schumer Calls On Major Fed Financial Agencies To Rectify Situation By Issuing New Guidance To Financial I . . .