By: Angela Garrity
Marijuana Moment reports that Credit Unions are now serving hemp businesses. The guidelines that allow business and money to flow were updated Monday.
The National Credit Union Administration (NCUA) posted this alert to advise all federally insured credit unions about changes in federal law and regulation related to hemp. The alert is serving as interim guidance and will be updated as needed and once forthcoming regulations and guidelines are finalized by the United States Department of Agriculture (USDA).
Credit unions have usually been friendlier to both the marijuana and hemp industries. NCUA has similarly taken a more pre-emptive role in budding to meet the demands of these burgeoning markets.
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