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ABA: The American Bankers Association
Compliance News

ABA Issues Staff Analysis on Hemp Provision in Farm Bill

ABA issued a members-only staff analysis on the 2018 Farm Bill’s provisions affecting hemp. One of the provisions amends the Controlled Substances Act to exclude “hemp” from the definition of “marihuana” provided certain conditions are satisfied. ABA's staff analysis provides a summary of the key hemp provisions of the bill and what they may mean for banks.