Later this week, the U.S. Food and Drug Administration (FDA) will host its first public hearing to discuss all details related to the promotion and sale of CBD products and other cannabis derivatives. As federal agencies continue to build the framework for CBD sales, payment service providers (PSPs) should weigh a few considerations before approving CBD merchant accounts. Where the...
Elavon/U.S. Bank informed customers in March that it will stop accepting any new applications for CBD merchant accounts. In its email to customers, it also stated it would cease working with existing CBD businesses within 45 days. Why Elavon Dropped the Ball | 4 Reasons Why Because of the regulatory environment and the uncertainty surrounding it: As a result of the...
Cannabidiol, abbreviated as CBD, is one of at least 113 active cannabinoids identified in cannabis. CBD or cannabidiol is a compound in marijuana that offers many benefits without any high. Health experts are describing the benefits of cannabidiol as extraordinary. It’s a promising treatment for epilepsy, forms of cancer and depression, and more. The fact that CBD is manufactured from...
