The cannabis industry continually evolves. Each year brings fresh developments in regulations, laws, and public sentiment along with new technologies and business practices. It has been estimated that in this year, 2025, the market for CBD is expected to see some huge changes, particularly when it comes to innovative ways...
How to Overcome Common Payment Processing Challenges in the CBD Oil Industry
Because CBD is a cannabis plant product, it is classified as a high-risk product in payment processing, hence sending it straight into a world of trouble. Regardless of its legality and successful sales, the perceived danger that CBD holds in the eyes of banks and payment processors denies traditional payment...
What Are the Correct Merchant Category Codes (MCCs) for CBD Oil Businesses?
In the CBD industry, navigating payment processing can be challenging due to the legal gray areas surrounding the product. One key element for CBD businesses to focus on is understanding and using the correct Merchant Category Codes (MCCs) when setting up payment processing systems. Merchant Category Codes (MCCs) are four-digit...