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As legalized cannabis continues to evolve in Utah, along with the monetary system that will have to accompany it, this page will feature resources to help your credit union stay informed on the topic.
Below are resources (presentations and documents) for Utah Credit unions that bank or that are interested in banking business involved in hemp or hemp related products.
| Documents | Description |
|---|---|
| Hemp/CBD Banking Presentation | PowerPoint presentation from the July 9, 2019 roundtable |
| UCUA Hemp/CBD Banking roundtable recording | Recording of the July 9, 2019 presentation regarding banking hemp/cbd |
| AUFCU Hemp/Cannabis Checklist | A credit union’s action plan for creating a hemp/cbd banking program |
| Link | Description |
|---|---|
| Utah Department of Agriculture and Food Cannabis Programs | Contains links to required registration for Utah-based growers and processors and hemp products sold in Utah. Also liinks to current registrations |
| USDA | USDA Information regarding the 2018 Farm Bill |
| Hemp Legalization | An easy to follow article regarding the 2018 Farm Bill, what it did and what it did not do |
| National Conference of State Legislatures | Link to State Industrial Hemp Statutes |
| FIN-2014-G001 | FinCEN guidance regarding banking marijuana related businesses |
February 1, 2019 Round table resources
Many thanks to Rachel Pross, from Maps Credit Union in Oregon. On February 1 she came to the Utah Credit Union Association office to talk about the cannabis banking program her credit union runs.
