In an effort to clarify how credit unions may serve a specific segment of the cannabis industry without fear of regulatory reprisal, the National Credit Union Administration (NCUA) published a guidance stipulating what credit unions should consider when doing business with lawfully operating hemp businesses.
The agency noted that the guidance will be revised and updated once the U.S. Department of Agriculture finalizes forthcoming regulations and guidelines.
Learn more details about how financial entities can safely service hemp-related business.