Square is addressing a key financial services issue for the cannabis industry
Although hemp and its derivatives including CBD were federally legalized under the Farm Bill signed into law by President Trump late last year, many financial institutions have remained wary of working with companies selling the cannabis compound.overwhelmingly approved a bill last week that would protect banks that work with state-legal marijuana businessesIts path in the Senate is uncertain, but there are some indications it stands a good chance of getting to Trump’s desk.
Senate Banking Committee Chairman Mike Crapo , who had long been skeptical of such a reform, now says heAnd Senate Majority Leader Mitch McConnell , who championed hemp’s legalization but is not a fan of its “illicit cousin” marijuana, is likely happy about
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