Square Launches Pilot for CBD Cannabis Payment Processing
Square has launched a program to process credit card payments for CBD businesses. With the movement to provide banking to cannabis on the state and federal level, the company is positioning itself to service the cannabis industry. Yet, Square is moving quietly with discretion. “Square is currently conducting an invite-only beta for some CBD products,” a spokesperson for the company said in an email. (Source: Forbes.com) Square, and others like PayPal and Stripe have held a policy to turn away cannabis related businesses. They