September 10, 2026 (STL.News) The 2018 Farm Bill separated qualifying hemp from marijuana under federal law. A measure enacted in 2025 is scheduled to narrow that federal definition on November 12, 2026. A product can therefore move from one legal category to another even when its label and formula remain unchanged. Banks respond by underwriting the merchant’s exact catalog and operating territory. The word “hemp” cannot answer questions about cannabinoid content, intended use, state restrictions, health claims, supply records, or sales behavior. Those details determine the documentation and controls a bank may require. Federal Classification Federal classification begins with
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