Understand federal and state marijuana, hemp, and CBD legislation
CBD sales have skyrocketed following the passage of the 2018 Farm Bill, which declassified hemp as a controlled substance. However, the legal status of cannabidiol (CBD) remains a murky gray area.
Is your financial institution deciding whether to bank or looking to avoid CBD customers? In this flowchart, we walk through the questions to consider when assessing compliance risks.
Download the CBD Consideration Tree to learn about:
- Federal and state marijuana, hemp, and CBD legislation
- Six questions to ask when assessing the legality of CBD
- How your financial institution can better evaluate risk related to CBD businesses