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Looking for DiCOM? You are in the right place!

DiCOM Software is now part of Abrigo, giving you a single source to Manage Risk and Drive Growth. Make yourself at home – we hope you enjoy your new web experience.

AML/CFT Cannabis Banking

Wisconsin – Hemp, The Farm Bill, and Their Impact on Ag Lending

For growth-minded institutions, the recent legislation for cultivating hemp in the US may shed light on a new opportunity for financial institutions regarding the banking and servicing of hemp-related businesses. But the changes tied to the Farm Bill also bring increasing risks for banks and credit unions who take on these clients. Nearly 50% of bank respondents who are currently not banking hemp said they will extend services to hemp-related customers in 2020 according to a recent Wisconsin Bankers Association (WBA) survey. In this paper, Abrigo experts outline some of the critical questions that institutions can use to begin evaluating the potential value – and risk – to the institution in taking on cannabis-related businesses (CRBs) or hemp-related businesses.

Download to learn:

  • How to evaluate the opportunity
  • The impact of the Farm Bill
  • The differences between cannabis, marijuana, hemp, and cannabinoids (CBDs)
  • Potential risks of taking on these banking relationships