Summary: In episode 13 of the Ministry of Hemp Podcast, we take a look at recent developments in hemp insurance, and ongoing problems around banking and finance for hemp farmers and hemp companies. First, our host Matt Baum talks to Clark Wu, cannabis attorney with bbhcounsel.com (he was with a different firm at the time of the interview) about why banks are still hesitant to handle hemp profits. Then, Matt talks with Jonathan Miller, General Counsel at the U.S. Hemp Roundtable, about developments in crop insurance for hemp farmers and what it means to the financial stability of the hemp industry. We want to hear from you too. Send us your questions and you might hear them answered on future shows like this one! Send us your written questions to us on Twitter, Facebook, email matt@ministryofhemp.com, or call us and leave a message at 402-819-6417. Keep in mind that phone number is for hemp questions only and any other inquiries for Ministry of Hemp should be sent to info@ministryofhemp.com. Don’t forget to subscribe to the Ministry of Hemp Podcast on iTunes or your favorite podcast app. If you really want to help us out, we’d love for you to rate or review the show. Thanks again for listening! Contact sales@ministryofhemp.com if you’re interested in sponsoring our podcast or other content on our website. Win CBD for dogs from Charlotte’s Web As Matt mentioned on the show, we’re running a giveaway with Charlotte’s Web. Three lucky readers will get a sample of their CBD for dogs. Win Charlotte’s Web CBD Oil for Dogs in the Ministry of Hemp giveaway. To enter, like this post on Instagram and tag three of your friends. Then, subscribe to our newsletter. You can also read the complete contest rules here. Make sure you enter before September 30, 2019! Good luck, and look on our Instagram at the end of the contest for a special discount code too. More resources: Hemp farming and the hemp industry Here’s some other articles we’ve published about hemp farming, hemp legalization, and the hemp industry: 2018 Farm Bill legalizes hemp in AmericaWhy are some truckers & CBD sellers still getting arrested over hemp?Why do smaller farmers grow hemp? In the Ministry of Hemp podcast we talked about hemp insurance and issues around banking and hemp. Hemp insurance and banking with hemp: Complete episode transcript Below you’ll find the entire written transcript for this episode: Matt Baum: 00:03 Welcome to the Ministry of Hemp podcast. My name is Matt Baum. I’m your host, and today we’re going to talk about money. If you’ve been paying attention, then you’ve probably heard that hemp is the new go-to cash crop for American farmers. It’s going to save American farmers. It’s going to change the way they do business and that’s true. It probably is going to change a lot of things, but right now the single biggest impediment to hemp farmers, to hemp businesses, to anybody that wants to do anything in the hemp industry, is moving your money around. Matt Baum: 00:41 While the 2018 Farm Bill made hemp legal to grow in all 50 states, there are still some states fighting this like Idaho and South Dakota, and it may never be legal there the way that they’re going, but it is legal just about everywhere else and a lot of states are writing their own hemp programs right now. The biggest issue at the moment, big American banking doesn’t trust hemp. It sees an industry that is not fully regulated, that is currently in its infancy and just not worth putting their money behind. But there are some people that are working to change that, and today we’re going to talk to two of them. Talking hemp law with Clark Wu Matt Baum: 01:29 Meet Clark Wu. Clark Wu: 01:30 Well, my name is Clark Wu. I’m a cannabi
