Four federal agencies, in conjunction with state bank regulators, clarified the legal status of hemp-related businesses and the applicable edicts under the Bank Secrecy Act (BSA) for financial institutions (FI) offering services to those businesses, the Office of the Comptroller of the Currency (OCC) said...
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CBD has in short order become something of a retail fad. Short for cannabidiol, CBD is a chemical derived from cannabis plants that is increasingly favored for a whole host of medical and wellness related applications across the retail spectrum. Its use has become incredibly trendy – a...
Square, the digital payments company, is getting into the CBD market, launching a payment processing service for the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
September 23, 2019
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July 05, 2020
The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. […]
December 03, 2019
Four federal agencies, in conjunction with state bank regulators, clarified the legal status of hemp-related businesses and the applicable edicts under the Bank Secrecy Act (BSA) for financial institutions (FI)...
May 23, 2019
Square, the digital payments company, is getting into the CBD market, launching a payment processing service for the industry. Get the Full Story Complete the form to unlock this article...
May 03, 2019
The Bank of Canada and the Monetary Authority of Singapore (MAS) announced that they have conducted their first successful experiment between the two banks on cross-border and cross-currency payments using...
