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Hemp Businesses Need Clarity On Credit Card Processing, GOP Congressman Tells Federal Regulators - Cannabis News
One day after federal financial regulators issued guidance relaxing requirements for banks doing business with hemp companies, Rep. Andy Barr (R-KY) called for further input on how financial institutions can work with the industry -- particularly when it comes to credit card processing.
“I have heard from Kentucky bankers about this. They welcome this guidance, and it will go a long way to help the hemp industry thrive,” Barr said on Wednesday at a House Financial Services Committee hearing.
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Raj Chander ~ MarijuanaMoment.net ~
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