Rawganique is a small online retailer that specializes in hemp and organic cotton clothing and home products. Earlier this month, Portland-based Umpqua Bank notified the retailer that its merchant account would be terminated because it operates in a “excluded line of business.”
Rawganique co-founder Qeanu Klaus Wallner said the bank displayed “ignorance” about the difference between marijuana and hemp, the latter of which won’t make you high.
“It has been never been illegal to sell hemp products in the United States,” Wallner said. “People don’t know that. People think that because marijuana is banned and industrial hemp growing was banned. Hemp products have always been legal.”