Articles are penned by Reinhart Boerner Van Deuren s.c., Wilson Elser Moskowitz Edelman & Dicker LLP, Duane Morris LLP, Cadwalader, Wickersham & Taft LLP & Miller & Martin.

Reinhart Boerner Van Deuren s.c.

On December 3, 2019, four federal agencies, in conjunction with state bank regulators, issued a statement clarifying the legal status of hemp and banks’ related requirements under …

Miller & Martin

On December 3, 2019, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (“FDIC”), the Financial Crimes Enforcement Network…

Wilson Elser Moskowitz Edelman & Dicker LLP

New guidance to banks that wish to provide financial services to hemp-related businesses was released on December 3, 2019.

Cadwalader, Wickersham & Taft LLP

The Federal Reserve Board, the FDIC, FinCEN, the OCC and the Conference of State Bank Supervisors (collectively, the “agencies”) clarified the legal status of hemp and Suspicious Activity Report

Duane Morris LLP

Banking has been an impediment for the cannabis industry because the Bank Secrecy Act of 1970 (BSA) and related regulations―which seek to prevent money laundering and other financial crimes…