{"id":11398,"date":"2019-10-02T16:54:53","date_gmt":"2019-10-02T20:54:53","guid":{"rendered":"http:\/\/videonewsservice.net\/?p=11398"},"modified":"2019-10-02T16:54:53","modified_gmt":"2019-10-02T20:54:53","slug":"nys-the-status-of-hemp-banks-still-hesitant-to-provide-funding-to-hemp-businesses","status":"publish","type":"post","link":"https:\/\/videonewsservice.net\/index.php\/2019\/10\/02\/nys-the-status-of-hemp-banks-still-hesitant-to-provide-funding-to-hemp-businesses\/","title":{"rendered":"NYS\/The status of hemp, banks still hesitant to provide funding to hemp businesses"},"content":{"rendered":"\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"900\" height=\"507\" src=\"https:\/\/www.youtube.com\/embed\/Xy27Fad-5iY?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Industrial hemp growing and selling was legalized this year after U.S. Senator Charles Schumer&#8217;s provision in the Farm Bill, however, many banks and other financial institutions are still hesitant to provide services to hemp businesses due to confusion over legal status.\u00a0\u00a0 <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Schumer is calling on major federal financial agencies to rectify the  situation by issuing new guidance to financial institutions  on industrial hemp to ease concerns and assist in growing the industry upstate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Schumer visited a hemp field at the Mills family farm on Ham road in Basom on Tuesday morning along with growers, producers, industry experts, and a history class from Oakfield\/Alabama High School.  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Schumer launched a new push to fix  the issue for the growing industrial hemp industry in upstate New York.  Financial institutions have continued to question whether or not they can extend their services and products to industrial hemp-oriented businesses, even though it is fully legal.  <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1920\" height=\"1080\" data-attachment-id=\"11402\" data-permalink=\"https:\/\/videonewsservice.net\/index.php\/2019\/10\/02\/nys-the-status-of-hemp-banks-still-hesitant-to-provide-funding-to-hemp-businesses\/hemp-still-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Hemp-still-2.jpg?fit=1920%2C1080&amp;ssl=1\" data-orig-size=\"1920,1080\" data-comments-opened=\"1\" data-image-meta=\"{&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Hemp-still-2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Hemp-still-2.jpg?fit=900%2C506&amp;ssl=1\" loading=\"lazy\" src=\"https:\/\/i1.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Hemp-still-2.jpg?fit=900%2C506\" alt=\"\" class=\"wp-image-11402\" srcset=\"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Hemp-still-2.jpg?w=1920&amp;ssl=1 1920w, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Hemp-still-2.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Hemp-still-2.jpg?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Hemp-still-2.jpg?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Hemp-still-2.jpg?resize=150%2C84&amp;ssl=1 150w, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Hemp-still-2.jpg?w=1800&amp;ssl=1 1800w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Schumer says that without access to traditional financial services, the industrial hemp industry Upstate and in Genesee County is being unfairly restricted, preventing further economic growth and the creation of good-paying jobs and choking off valuable  income for farmers. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To address the issue, Schumer will request that the Federal Deposit Insurance Corporation (FDIC), Federal Reserve, and the Office of the Comptroller of the Currency (OCC) expediently issue guidance to financial institutions confirming  the legality of providing services to the industrial hemp industry, to better seed and grow it across Upstate New York.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industrial hemp growing and selling was legalized this year after U.S. Senator Charles Schumer&#8217;s provision in the Farm Bill, however, many banks and other financial institutions are still hesitant to provide services to hemp businesses due to confusion over legal status.\u00a0\u00a0 Schumer is calling on major federal financial agencies to \u2026<\/p>\n<p class=\"continue-reading-button\"> <a class=\"continue-reading-link\" href=\"https:\/\/videonewsservice.net\/index.php\/2019\/10\/02\/nys-the-status-of-hemp-banks-still-hesitant-to-provide-funding-to-hemp-businesses\/\">Continue reading<i class=\"crycon-right-dir\"><\/i><\/a><\/p>\n","protected":false},"author":1,"featured_media":11400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[353,23,1],"tags":[1822,1821,1823],"class_list":["post-11398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-basom","category-genesee-county","category-uncategorized","tag-charles-schumer","tag-hemp-industry","tag-mills-farm"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8eTP4-2XQ","jetpack-related-posts":[{"id":12593,"url":"https:\/\/videonewsservice.net\/index.php\/2019\/12\/04\/nys-schumer-announces-feds-have-issued-new-financial-guidance-to-lenders-confirming-the-legality-of-industrial-hemp\/","url_meta":{"origin":11398,"position":0},"title":"NYS\/Schumer announces Feds have issued new financial guidance to lenders confirming the legality of industrial hemp","author":"aka","date":"December 4, 2019","format":false,"excerpt":"Press release U.S. Senator Charles E. Schumer yesterday revealed, following his major push, that the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN) and Office of the Comptroller of the Currency (OCC), in tandem with the Conference of State Bank Supervisors, have confirmed the legality of\u2026","rel":"","context":"In \"hemp\"","block_context":{"text":"hemp","link":"https:\/\/videonewsservice.net\/index.php\/tag\/hemp\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/12\/Hemp-still-2.jpg?fit=1024%2C576&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/12\/Hemp-still-2.jpg?fit=1024%2C576&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/12\/Hemp-still-2.jpg?fit=1024%2C576&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/12\/Hemp-still-2.jpg?fit=1024%2C576&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11408,"url":"https:\/\/videonewsservice.net\/index.php\/2019\/10\/02\/genesee-county-schumer-meets-with-oakfield-alabama-high-school-seniors-at-hemp-farm\/","url_meta":{"origin":11398,"position":1},"title":"GENESEE COUNTY\/Schumer meets with Oakfield-Alabama high school Seniors at hemp farm","author":"aka","date":"October 2, 2019","format":false,"excerpt":"https:\/\/youtu.be\/Rj99lMpoxRc U.S. Senator Charles Schumer visited the Mills Family Farm on Ham road in Basom on Tuesday to discuss issues in the hemp industry. Before speaking to the media at a press conference, Schumer spent about five minutes chatting with Oakfield- Alabama Seniors while they were on a field trip\u2026","rel":"","context":"In &quot;Oakfield-Alabama&quot;","block_context":{"text":"Oakfield-Alabama","link":"https:\/\/videonewsservice.net\/index.php\/category\/oakfield-alabama\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Schumer-group-still.jpg?fit=640%2C360&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Schumer-group-still.jpg?fit=640%2C360&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Schumer-group-still.jpg?fit=640%2C360&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":25451,"url":"https:\/\/videonewsservice.net\/index.php\/2021\/05\/20\/batavia-empire-hemp-officially-cuts-the-ribbon-on-their-east-main-street-store\/","url_meta":{"origin":11398,"position":2},"title":"BATAVIA\/Empire Hemp officially cuts the ribbon on their East Main street store","author":"aka","date":"May 20, 2021","format":false,"excerpt":"Story and photos\/video by Julie Carasone The Genesee County Chamber of Commerce held a ribbon cutting ceremony Thursday afternoon for the official Grand Opening of Empire Hemp Company, a new store at 204 East Main Street in Batavia. \u00a0\u00a0 \u00a0 \u00a0 \u00a0 Shelly Wolanske and Chris VanDusen, owners of Empire\u2026","rel":"","context":"In &quot;Batavia&quot;","block_context":{"text":"Batavia","link":"https:\/\/videonewsservice.net\/index.php\/category\/gennesse-county\/batavia\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2021\/05\/Hemp-12.jpg?fit=1200%2C900&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2021\/05\/Hemp-12.jpg?fit=1200%2C900&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2021\/05\/Hemp-12.jpg?fit=1200%2C900&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2021\/05\/Hemp-12.jpg?fit=1200%2C900&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2021\/05\/Hemp-12.jpg?fit=1200%2C900&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":70117,"url":"https:\/\/videonewsservice.net\/index.php\/2025\/11\/19\/orleans-county-pair-charged-after-allegedly-selling-and-possessing-unauthorized-cannabis-products-at-a-store-in-medina\/","url_meta":{"origin":11398,"position":3},"title":"ORLEANS COUNTY\/Pair charged after allegedly selling and possessing unauthorized cannabis products at a store in Medina","author":"aka","date":"November 19, 2025","format":false,"excerpt":"Press release ON NOVEMBER 5, 2025, AFTER AN INVESTIGATION INTO THE SALE AND DISTRIBUTION OF HIGH-GRADE CANNABIS FLOWER, THC EDIBLES, CONCENTRATED CANNABIS WAX AND THC VAPES WITHOUT A NEW YORK STATE CANNABIS LICENSE, THE ORLEANS COUNTY MAJOR FELONY CRIME TASK FORCE, THE ORLEANS COUNTY SHERIFF\u2019S DEPT., THE MEDINA POLICE DEPT.\u2026","rel":"","context":"In &quot;Medina&quot;","block_context":{"text":"Medina","link":"https:\/\/videonewsservice.net\/index.php\/category\/medina-2\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2025\/11\/Mitchell-Kwandrans-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2025\/11\/Mitchell-Kwandrans-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2025\/11\/Mitchell-Kwandrans-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2025\/11\/Mitchell-Kwandrans-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2025\/11\/Mitchell-Kwandrans-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2025\/11\/Mitchell-Kwandrans-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":20237,"url":"https:\/\/videonewsservice.net\/index.php\/2020\/10\/22\/batavia-local-entrepreneurs-share-their-stories-at-the-women-in-small-business-event\/","url_meta":{"origin":11398,"position":4},"title":"BATAVIA\/Local entrepreneurs share their stories at the Women in Small Business event","author":"aka","date":"October 22, 2020","format":false,"excerpt":"https:\/\/youtu.be\/1g1l7HE_62k Video of presentations The third annual Women in Small Business event, hosted by Mancuso Business Development Group, was held at Pub Coffee at 56 Harvester avenue on Thursday evening. Presenters, Cheryl Zinkievich of Renew Wellness Counseling, Marie Bohn of Marie Bohn Photography, Marcia Bohn from M Bookbinding, and Shelley\u2026","rel":"","context":"In &quot;Batavia&quot;","block_context":{"text":"Batavia","link":"https:\/\/videonewsservice.net\/index.php\/category\/gennesse-county\/batavia\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2020\/10\/womens.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2020\/10\/womens.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2020\/10\/womens.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2020\/10\/womens.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2020\/10\/womens.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":38950,"url":"https:\/\/videonewsservice.net\/index.php\/2023\/01\/12\/genesee-county-chamber-of-commerce-51st-annual-awards-ceremony-2022-award-recipients\/","url_meta":{"origin":11398,"position":5},"title":"GENESEE COUNTY\/Chamber of Commerce 51st Annual Awards Ceremony &#038; 2022 Award Recipients","author":"aka","date":"January 12, 2023","format":false,"excerpt":"Press Release The Genesee County Chamber of Commerce is celebrating its 51st Annual Awards Ceremony which will be held on Saturday, March 11, 2023 at Batavia Downs Gaming, 8315 Park Road, Batavia. This is the County\u2019s premier event that honors businesses and individuals for their achievements in business, community service\u2026","rel":"","context":"In &quot;Genesee County&quot;","block_context":{"text":"Genesee County","link":"https:\/\/videonewsservice.net\/index.php\/category\/genesee-county\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/videonewsservice.net\/wp-content\/uploads\/2019\/10\/Hemp-still.jpg?fit=1920%2C1080&ssl=1","_links":{"self":[{"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/posts\/11398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/comments?post=11398"}],"version-history":[{"count":3,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/posts\/11398\/revisions"}],"predecessor-version":[{"id":11403,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/posts\/11398\/revisions\/11403"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/media\/11400"}],"wp:attachment":[{"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/media?parent=11398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/categories?post=11398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/videonewsservice.net\/index.php\/wp-json\/wp\/v2\/tags?post=11398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}