Bank NotesHempOpportunities and Risks of Banking Hemp Producers in KentuckyAugust 3, 2020 Serving customers engaged in growing, cultivating, handling, or processing industrial hemp presents significant opportunities. But it presents heightened risks that require special care. A banker considering these opportunities must be aware of legal authority, Bank Secrecy Act (BSA), and credit risks associated with a new and rapidly expanding industry. The cultivation, processing, and sale of… Key Considerations for Banking Hemp Producers in West VirginiaAugust 3, 2020 Serving customers engaged in growing, cultivating, handling or processing industrial hemp present significant opportunities. As a banker considering pursuit of these opportunities, you should consider legal authority, Bank Secrecy Act (BSA), and credit risks associated with a new and rapidly expanding industry. Cultivation, processing and sale of industrial hemp and its byproducts has grown… |
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