Gold River Productions Inc (GRPS)

[coolcoins]

I saw this much needed update from from the Feds to allow normalized banking operations for legal hemp companies. This should prove useful to GRPS in the near future.

A federal financial agency released updated guidelines on banking in the hemp industry on Monday, following up on requests from multiple lawmakers to provide clarity on the issue.

The National Credit Union Administration (NCUA) said in its interim guidance that providing banking services to hemp businesses is allowable since the crop and its derivatives were federally legalized under the 2018 Farm Bill. The notice also emphasized the economic potential of hemp and the role credit unions can play as the industry continues to develop.

“Lawful hemp businesses provide exciting new opportunities for rural communities,” NCUA Chairman Rodney Hood said in a press release. “I believe today’s interim guidance keeps with the mission of the nation’s cooperative credit system to serve people who have been overlooked and underserved.”

STORY CONTINUES....
https://www.marijuanamoment.net/credit-unions-can-bank-hemp-businesses-federal-agency-announces/