Square said in a blog post: “We believe everyone should be able to participate and thrive in the economy. Today, we’re thrilled to launch our CBD early-access program, which allows businesses in the U.S. to sell CBD products on Square quickly, easily, and securely.”
Square said that products sold through its platform must be hemp-derived and contain less than 0.3% THC.
Related: NPA Tells Congress: Regulate CBD, or Vaping Crisis Will Repeat Arthritis Foundation Releases CBD Guidance for Adults with Arthritis CRN Commends Mitch McConnell For CBD-Related Additions to Ag Appropriations Bill
This is part of an ongoing issue of banks and credit card processors refusing to service companies that sell hemp products: Back in June,Thrive Market was forced to stop selling CBDby their credit card processor. TheHouse recently votedto allow financial institutions the opportunity to provide services to CBD-related businesses, however, marking a turning tide for providers of CBD products.Get more details from Squarehere.
