Hoosier Banker 27 1 Tetrahydrocannabinol, the compound that is the chief intoxicant in marijuana 2 A form of hemp oil rich in cannabidiol, a nonpsychoactive component of marijuana It was in that bill that approval authority was granted to the FDA for derivatives of hemp (e.g. CBD oil) containing a THC concentration of 0.3% or less to be sold to the public. On April 2, the FDA announced that it would start taking steps to “advance our consideration of a framework for the lawful marketing of appropriate cannabis and cannabis-derived products” – which includes a public hearing on May 31. The production of hemp and its related products now has a legal pathway, due to passage of the 2018 Farm Bill. However, while the framework may be taking shape to achieve this at both state and national levels, neither has completed their responsibilities required under the bill. The 2018 Farm Bill brought about needed reform and should usher in some clarity for lenders in banking hemp and related products. Until then, the banking of hemp and its derivatives remains a challenging and complex process that should be approached with caution. HB A communications toolkit created by the Indiana Bankers Association helps member banks share good-news stories with media outlets. Additionally, the toolkit provides an optional quick-link webform for submitting updates to Hoosier Banker, such as bank hires/promotions, branch openings, community service and more. • View the toolkit at: indianabankers.org/ communications-toolkit • Access the webform at: indianabankers. org/submit-news For more information, contact Laura Wilson at lwilson@indianabankers.org, 317333-7146. HB Toolkit Helps ‘Tell the Story’ The Indiana Council for Economic Education (ICEE) works to improve the financial literacy of Hoosier students by training K-12 educators to teach students age-appropriate economic lessons through programming and activities, including Gen i Revolution, an online learning game. Banks have the opportunity to partner with the ICEE in support of area schools. For more information, contact J.W. Fansler, ICEE assistant director, at 765-494-8544, jwfansle@purdue.edu. HB ICEE Seeks Bank Partners
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