June 27, 2018 – Hemp Banking Amendment Submitted to U.S. Senate

Hemp Banking Measure Submitted to Senate
Image Source: Alex Israel Via Wikimedia Commons
June 27, 2018

Senator Rand Paul (R-KY) has introduced a measure which would prevent federal authorities from prosecuting banks that work with hemp-related businesses.

According to Marijuana Moment’s Tom Angell the measure, submitted on June 26, would include protections for companies that grow, process and sell hemp products. It would be included in the larger Farm Bill, currently on the Senate Floor.

The Farm Bill legislation also includes provisions that, if passed, would legalize hemp on a national level.

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