Insuring Cannabis Companies

Insuring Cannabis Companies with Laura Bianchi, Managing Partner of Bianchi Brandt & Hale. Our next guest has been a featured guest on Cannabis Radio, including co-hosting our coverage of a historical 2016 election night. For the past decade, she has worked with cannabis and hemp-based businesses and can speak to various related topics. On Aug. 20, the National Credit Union Administration (NCUA) announced that federally insured credit unions may offer financial services to legal hemp businesses, a promising step toward legal banking for the broader cannabis industry. Although the Treasury Department has published guidelines for banks to provide services to the cannabis industry (including marijuana, hemp, and products derived from marijuana and hemp, such as CBD), financial institutions have been slow to work with businesses in the industry due to the contradictory legal status of cannabis—particularly marijuana at the state and federal level.