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All Things CBD Products And Cannabinoids

In order to keep our customers informed, we stay on top of whats happening in the ever changing cannabinoid industry. CBD related products are evolving. Change is happening fast both legislatively and commercially. Cannabinoids other than Cannabidiol (CBD) are being studied and new uses are rapidly discovered. Its certainly an exciting times to be in the hemp business, but it can also be overwhelming. Hemp and CBD seem to be in staggering demand, bringing in the masses. Stay vigilant and stay informed. 

Although A Long And Arduous Process, Casco Bay Hemp Is Excited To Announce They Are Up And Running Again For CBD Credit Card Processing.

Like the majority of companies in the CBD product sales business, Casco Bay Hemp lost their credit card processing capabilities 4 months ago. The majority of businesses were using Elavon, who unfortunately stopped all hemp processing, leaving everyone in the lurch.

For Immediate Release - Starting September 1st 2019 Casco Bay Hemp was accepted into the pilot program for Square’s CBD/Hemp division, a quietly launched invite only beta testing program. Square has been  closely watching the evolving public policies while continually striving to create new opportunities for clients. For every CBD business in the market, this is much needed and exciting News. 

The introduction of the Federal Farm Bill the congressional intent was to deschedulize industrial hemp from the controlled substance list. It has been ironic that since its implementation, the amount of credit card processing being done worldwide has decreased.  “It may be that adding a new set of laws into the industry ended up confusing the financial institutions even more. Its never easy to quickly wrap your head around new policies” says Eben Sumner president of Casco Bay Hemp. For every CBD business in the U.S. this coudn’t have come any sooner.

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Casco Bay Hemp

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Patrick Robinson