Executive Briefing
Square is starting to work with CBD sellers, in a major policy shift
Selling CBD online is still surprisingly difficult. Square is piloting a solution.
By Dan Frommer on Tuesday, May 21, 2019 at 6:01 pm
Good news for entrepreneurs in the fast-growing CBD industry: Square, the large payment processor, is starting to work with some CBD merchants in an invite-only beta pilot, the company confirms to The New Consumer.
This marks a major policy shift for Square, which previously banned CBD sales from its network. And it’s an early step toward potentially participating in the broader cannabis economy, which could become a growth driver in the future for payments companies like Square.
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