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Hemp Farming Act: CBD, FAQs & Impact on Financial Services

The Hemp Farming Act of 2018, as passed in the 2018 Farm Bill, allows farmers to legally grow industrial hemp and makes cannabidiol (CBD) – a hemp byproduct – legal at the federal level. Subject to state law, financial institutions can begin opening accounts and lending to industrial hemp and CBD-related businesses. But many questions remain.

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Type of Event
On Demand Webinar

Who Should Attend
  • On-Demand Webinars
  • Live Webinars
  • Compliance

Purchase

Description  

The Hemp Farming Act of 2018, as passed in the 2018 Farm Bill, allows farmers to legally grow industrial hemp and makes cannabidiol (CBD) – a hemp byproduct – legal at the federal level. Subject to state law, financial institutions can begin opening accounts and lending to industrial hemp and CBD-related businesses. But many questions remain. How can you distinguish a legal hemp crop from an illegal one? What ongoing due diligence and reporting will be expected? What are the SAR implications? Join this informational session to learn the answers to these questions and more!

Learning Objectives

  • What was legalized under the Hemp Farming Act
  • Understanding what is and isn’t permitted under your state’s law
  • Initial and ongoing due diligence to detect and monitor hemp and CBD activity
  • Suspicious activity reporting requirements
  • Legislation on the horizon for banking marijuana-related businesses

Speaker

Dawn Kincaid, Brode Consulting Services, Inc.

Investment

$259.00