The Wisconsin Bankers Association hosted a panel discussion with members about financial institutions’ concerns over whether it is legal to accept hemp customers and their business deposits.

The plant is mostly used for cloth, fuel, and CBD oil and the industry is growing rapidly in Wisconsin.

WKOW first reported last month hemp growers and the owners of several CBD stores had their bank accounts closed after their credit union said it was unclear about the laws governing hemp and banking.

Wisconsin is in the middle of a pilot program to research industrial hemp.

Click here to read the complete article

Emilee Fannon ~ WKOW.com

Recent News Articles

Monday October 21

Key Northeastern governors join forces to chart a path to legalizing marijuana - Cannabis News

in Top Stories

by Bruce Kennedy - Editor in Chief

The governors of Pennsylvania, New Jersey, Connecticut, and New York met Thursday for a summit…

940 hits

Monday October 21

UConn Launches Hemp Testing Lab in Response to Industry Need - Cannabis News

in Science

by Bruce Kennedy - Editor in Chief

In response to a rapidly expanding commercial hemp industry driven by interest in products with…

1015 hits

Monday October 21

Slow rollout in marijuana sales costs Maine revenue and jobs - Cannabis News

in Finance

by Bruce Kennedy - Editor in Chief

Three years after legalizing adult-use marijuana, the state’s still waiting for retail shops. Consultants say…

976 hits

Monday October 21

Chesapeake Bay scientists studying environmental, economic uses for hemp - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

A Gold Rush mentality has erupted across Chesapeake Bay states as the lacy fan-shaped leaves…

1406 hits

Tuesday October 22

Michael J. Fox Parkinson’s Foundation Urges Congress To Pass Three Marijuana Research Bills - Cannabis…

in Activism

by Bruce Kennedy - Editor in Chief

A leading advocacy group that’s dedicated to finding treatment options for Parkinson’s disease is backing…

832 hits