Payments processor Square announced on Thursday that it is making its payment processing services available to more businesses that sell CBD products.
The lack of financial services has been a key problem for companies in the cannabis industry, including those that only deal with cannabidiol, a non-intoxicating component of the plant.
“We believe everyone should be able to participate and thrive in the economy,” Square said in a blog post. “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.”
(Marijuana Moment’s editor provides some content to Forbes via a temporary exclusive publishing license arrangement.)
Photo by Kimzy Nanney.
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