We offer credit card processing for CBD, short for Cannabidiol, (or CBD oil) derived from cannabis and a compound found in marijuana plants that helps sleep and relieves pain, arthritis, and anxiety, among other medicinal properties. As of November 2018, 32 states in the U.S. have legalized the use of medical marijuana either for either recreational or non-recreational use. This liberal attitude toward medical marijuana has given rise to a skyrocketing acceptance of the use of CBD oil.
Although marijuana alters the state of mind due to the high amounts of THC–a psychoactive drug–CBD has extremely low to no amount of THC and has healing properties for conditions such as:
- Cancer treatment
- Mental health
- Substance abuse
- And many more
The market size for CBD alone is expected to explode to $22 billion by 2020. It is notable that the U.S. Drug Enforcement Administration (DEA) has removed CBD that contains less than 0.10% THC from Schedule 1, which is reserved for most restrictive controlled substances such as heroin, cocaine, methamphetamine, etc. to Schedule 1, which is reserved for over-the-counter painkillers, thereby allowing the sale of the first nonsynthetic, cannabis-derived medicine to win federal approval. This announcement was made on September 27, 2018. This decision is a huge victory for the people of the United States and countless patients who could use CBD to alleviate their pain and suffering.
We offer the credit card processing for CBD using a domestic U.S. bank as long as the brick or online store sells ONLY CBD, and NOT medical marijuana or both of these products in the same store. The application process is simple and your merchant account could be up and running within a few days. The rate is competitive too.
For more information, please contact us here.