Payment processing platform Square has notified its merchant clients that it will no longer process sales for CBD and hemp-derived products, both in-person and online. The decision stems directly from upcoming federal legal changes that significantly tighten restrictions on hemp-derived cannabinoids, forcing financial institutions to re-evaluate their compliance … [Read more...] about Blocked at the Terminal: Square Cuts the Cord on CBD Sales
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Square’s Canadian cannabis deal plants seeds for U.S. growth
Square's first market for cannabis payments is Canada, but that's unlikely to be where things end — the payments company is laying the foundation for the legalization of marijuana in the U.S. market if the regulatory picture becomes more clear. Square has partnered with Jane, an ordering platform service for cannabis dispensaries, to support weed dispensaries in Canada. Square … [Read more...] about Square’s Canadian cannabis deal plants seeds for U.S. growth
