Subscribe
  • News
    • Local
    • Regional
    • Business
    • Real Estate
    • Outlaw Partners
  • Arts & Entertainment
  • Opinion
  • Sports
  • Yellowstone
  • Events
Menu
  • News
    • Local
    • Regional
    • Business
    • Real Estate
    • Outlaw Partners
  • Arts & Entertainment
  • Opinion
  • Sports
  • Yellowstone
  • Events

Credit Unions may now lend to hemp farmers

in News
Credit Unions may now lend to hemp farmers
CC PHOTO
Outlaw Partnersby Outlaw Partners
September 17, 2019

EBS STAFF

HELENA – On Sept. 9, Sen. Jon Tester announced that federally insured credits unions may begin to provide banking services to legally operating hemp producers. This decision comes under the guidance of the National Credit Union Administration and is the first time a federal regulator has clarified that hemp farmers can access financial services.

Up until December of 2018, hemp was considered a controlled substance in the U.S. and Montana farmers were limited to growing the crop through a select pilot program launched in 2014. However, following passage of the 2018 Farm Bill, hemp was removed from the Drug Enforcement Agency’s list of controlled substances, making it legal to grow industrial hemp in the U.S.

Article Inline Ad Article Inline Ad Article Inline Ad

“This is a strong step toward cutting through the red tape that’s slowing down Montana hemp farmers,” said Tester in a statement. “I’m going to keep fighting to make sure our state’s hemp producers can access the resources that will help them create jobs and grow their businesses.”

Outlaw Realty Outlaw Realty
Outlaw Realty
ADVERTISEMENT

Listen

Hoary Marmot Podcast

Joe Borden & Michele Veale Borden

Lastest Episode
See More Episodes

Upcoming Events

Jun 19
11:00 am - 5:00 pm Event Series

June Show at the Big Sky Artists’ Studio & Gallery

Jun 20
9:30 am - 12:00 pm

Community Yoga

Jun 20
11:00 am - 5:00 pm Event Series

June Show at the Big Sky Artists’ Studio & Gallery

Jun 20
7:00 pm - 9:30 pm Event Series

Trivia at the Waypoint

Jun 21
9:00 am - 10:00 am Event Series

Planting the Past: Crafting Historic Seed Boxes

View Calendar
Event Calendar

Related Posts

Construction to start July 7 on 19th Avenue in Bozeman
News

Construction to start July 7 on 19th Avenue in Bozeman

June 18, 2025
Gallatin County Commission adopts safe roads action plan 
News

Gallatin County Commission adopts safe roads action plan 

June 17, 2025
BSRAD invests in ongoing community projects, microgrants 
Local

BSRAD invests in ongoing community projects, microgrants 

June 16, 2025
Big Sky OUT’s Summer Pride March draws support across Big Sky
Local

Big Sky OUT’s Summer Pride March draws support across Big Sky

June 16, 2025

An Outlaw Partners Publication

Facebook-f Instagram X-twitter Youtube

Explore Big Sky

  • About/Contact
  • Advertise
  • Publications
  • Subscriptions
  • Podcast
  • Submissions

Outlaw Brands

  • Mountain Outlaw
  • Plan Yellowstone
  • Big Sky PBR
  • Wildlands Music
  • Outlaw Partners
  • Outlaw Realty
  • Hey Bear

Copyright © 2025 Explore Big Sky | Terms of Use | Privacy Policy | Your Privacy Choices

No Result
View All Result
  • News
    • Regional
    • Business
    • Outlaw Partners
  • Yellowstone
  • Arts & Entertainment
  • Sports
  • Opinion
  • Real Estate
  • Events

©2024 Outlaw Partners, LLC. All Rights Reserved.

Explore Big Sky Logo
  • News
    • Local
    • Regional
    • Business
    • Real Estate
    • Outlaw Partners
  • Arts & Entertainment
  • Opinion
  • Sports
  • Yellowstone
  • Events
Subscribe
Facebook X-twitter Instagram Youtube