November 29, 2019 | Bloomberg Law

INSIGHT: Providing Financial Services in the CBD Industry—What’s Legal?

1 min

Originally published in The United States Law Week by Bloomberg Law.

The legality of CBD is complicated, with the product sitting at the intersection of numerous federal and state laws. Venable attorneys examine those laws and suggest ways banks and payment companies can minimize risk. Bottom line, they need compliance programs tailored for CBD businesses, including controls for customer onboarding, due diligence, monitoring, and reporting of suspicious activities.