GOP Congressman Pushes For Brand New Help With Hemp And CBD Businesses’ Credit Access

GOP Congressman Pushes For Brand New Help With Hemp And CBD Businesses’ Credit Access

Hemp may have been federally legalized, but companies that market the crop and its own derivatives are nevertheless struggling to steadfastly keep up use of credit at finance institutions, Rep. Andy Barr (R-KY) stated on Thursday.

At a home Financial solutions Committee hearing, Barr told the country’s top economic regulators that bank card providers have “stopped providing payment services to companies designated as CBD and product that is hemp-derived merchants.”

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