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Should you bank businesses selling CBD Oil?

Question: 
If our state is does not allow even medical marijuana, how are businesses selling these products and by-products without being arrested?
Answer: 

CBD oil can be a by-product of either hemp or marijuana. If it is hemp it may be okay to sell CBD oil in your state. If it is from marijuana it is not okay. Many financial institutions are turning a blind eye to this industry. It is a strange environment when the law is lagging behind the industry. In many states law enforcement is also turning a blind eye. That does not mean your financial institution should not address it with the customer.
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Learn more about Deborah Crawford’s webinar Marijuana Update: Policy, Procedures and Risk

First published on 03/22/2020

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