Credit unions greenlighted to bank with hemp businesses

By Laura Bianchi, Rose Law Group Partner and Director of Cannabis Department | Cannabis Business Executive On August 19, 2019, the National Credit Union Association (NCUA), a federal agency that regulates, charters, and supervises federal credit unions, released updated guidance on federally-backed credit unions working with hemp-based businesses. The guidelines clarify that credit unions are permitted to offer financial services, including loans, …