Hemp Business Banking

Scalable solutions customized for your financial needs


We're a strong, stable partner for hemp businesses of all sizes.

Fair pricing

We deliver consistent, transparent terms and pricing.D

Quality services

Our hemp customers have access to all of our products and services.D

Our Expertise

We know your business from the ground up

  • We're a hemp-friendly bank with market specialists who have a deep understanding of the financial challenges of you face in the business of hemp.
  • With years of experience, our dedicated hemp banking team helps navigate the complex nuances of the current regulatory environment.
  • Proactive account monitoring optimizes stability by reducing the risk of interrupted banking service.
Hemp Business Products & Services

Comprehensive solutions for your hemp banking needs

Merchant Services

Get customized payment processing services that scale with the size of your business.

Loans and Lines of Credit

We offer business credit cards and flexible owner-occupied commercial real estate lending solutions.

Equipment Financing & Leasing

Finance the equipment and machinery you need to grow your hemp business.


No matter the size of your business, we've got business checking options to meet your needs.

ACH Direct Deposit

Deposit funds with secure Automated Clearing House, or ACH, services.

Wire Transfers

Move funds when and where you need them with same-day wire transfers.

Remote Deposit Capture

Save time by depositing checks remotely.

Commercial Advantage

Manage your business accounts on the go with 24/7 mobile access.

Risk Management

We offer advanced loss prevention services to help protect your company.D

Who we serve

The business of hemp is growing

From textiles to regenerative agriculture and beyond—we're hemp business advocates, firmly rooted to serve the needs of this expanding community of farmers, manufacturers and processors across the supply chain.

  • Hemp farmers and growers
  • Industrial hemp processors and manufacturers
  • CBD hemp processors and manufacturers
  • Fiber and grain processors
  • Secondary processors
  • Equipment manufacturers
  • Nutrient companies
  • Seed and genetics companies
  • Extraction companies
  • Retailers and more

Please take note of the following actions that are prohibited under federal law:

  • Marketing health benefits that claim to prevent, diagnose, mitigate, treat or cure a disease
How it works

Bank with us

We believe in the future of hemp markets and actively pursue quality relationships. It's fast and easy to get started.

Step 1


An experienced hemp banking specialist helps you collect all required documentation and addresses any questions you may have.

Step 2

Submit Application

We work closely with you to ensure you submit a fully documented and supported application, allowing for an efficient review and account acceptance process.

Step 3


Upon approval, a hemp banking specialist completes your account setup and ensures all of your services are established.

Step 4

Ongoing Partnership

Our hemp banking team provides continuous, personalized service to help support your short- and long-term business goals.


People often ask us

Our roots have a strong foundation in agricultural lending. For more than 100 years, we've helped family farms and suppliers grow their businesses.

When the Farm Bill passed in 2018, our team quickly built a robust hemp banking program and a best-in-class, internal compliance program to serve hemp and CBD companies and help them succeed in this rapidly expanding industry.

We're hemp banking advocates that understand the inherent challenges of establishing a financial relationship in the hemp and CBD industry. With this in mind, we've built a knowledgeable team of product and industry experts to make the establishment of your relationship as simple and quick as possible.

  • Hemp banking specialists that know your industry
  • A powerful combination of lending and merchant services
  • Transparent and fair pricing that can scale with your business growth
  • A large, national hemp-friendly bank that offers a full suite of banking products and services to meet your needs
  • The support of an expansive branch network
  • A bank with a robust digital platform for convenient account management and quick access to services
  • A bank with an experienced team that knows your industry and can help protect your best interests
  • Best-in-class compliance and regulatory knowledge

Per the 2018 Farm Bill, hemp is "the plant Cannabis sativa L. and any part of that plant, including the seeds thereof and all derivatives, extracts, cannabinoids, isomers, acids, salts, and salts of isomers, whether growing or not, with a delta-9 tetrahydrocannabinol concentration of not more than 0.3% on a dry weight basis."

Hemp has been around for centuries and was first introduced in America in the early 1600s as an industrial crop, where it was used for products such as paper and rope. By the early 20th century, the American hemp industry began to decline as manufacturers began to import synthetic fibers, which decreased the demand for high-quality domestic hemp.

In addition, the Marijuana Tax Act of 1937 was enacted, which hindered domestic farmers by adding a $100 transfer tax on sales. During World War II, the federal government temporarily lifted the Marijuana Tax Act and launched a pro-hemp campaign to encourage American farmers to grow hemp, which was used to produce products like rope for the US Navy.

In 1970, the government passed the Controlled Substances Act, which regulated all cannabis, including hemp. With the passage of the 2014 Farm Bill, states implemented laws to allow the US Department of Agriculture and universities to grow hemp for research or pilot programs. With the passage of the 2018 Farm Bill, hemp was removed from the Controlled Substances Act and farmers were legally able to grow hemp.

Hemp and marijuana both come from the same species, Cannabis sativa. Hemp, however, is defined as a Cannabis plant that contains 0.3% or less THC—whereas marijuana contains more. The federal government has legalized hemp under the 2018 Farm Bill. However, marijuana remains illegal at the federal level.

Hemp Industry Insights

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First Citizens does not charge fees to download or access First Citizens Digital Banking, including the First Citizens mobile banking app. Mobile carrier fees may apply for data and text message usage. Check with your carrier for more information. Fees may apply for use of certain services in First Citizens Digital Banking.

There is a $150 monthly compliance fee associated with Hemp/CBD relationships. This fee will be charged to a designated checking account. Account openings and credit are subject to bank approval. Individual state licensing and registration requirements apply. All accounts are subject to the terms and conditions included in our Depositors Agreement and Fee Schedules.

Insurance products are not insured by the FDIC or any federal government agency and are not a deposit or other obligation of, or guaranteed by, any bank affiliate. Not available in all areas. Consult with your local banker.

Remote Deposit Capture is subject to contractual terms and conditions.

Normal bank approval applies.

Links to third-party websites may have a privacy policy different from First Citizens Bank and may provide less security than this website. First Citizens Bank and its affiliates are not responsible for the products, services and content on any third-party website.

Bank deposit products are offered by First Citizens Bank. Member FDIC and an Equal Housing Lender. icon: sys-ehl.