The cannabidiol (CBD) industry has seen massive growth in the past few years. It all started with the Farm Bill of 2018 which removed hemp from the list of controlled substances and allowed farmers in all 50 states to grow the cash crop. The sector quickly grew, sustained by the insane popularity of CBD as an alternative natural medicine, but it lacked a comprehensive regulatory framework.
With barely any regulations on how hemp and CBD sellers ought to operate, institutions such as banks and insurance companies avoided working with them. Although the USDA finally published its much-awaited interim final rule for hemp production, cannabis and cannabidiol companies still have to find alternative means of managing…
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