CVS & Walgreens Bet on Cannabis: CBD Merchant Account
Cannabidiol or CBD is so much widespread these days. The number of companies interested in selling CBD containing products is growing rapidly. Do you have a reliable payment processor to get an exceptional CBD merchant account to grow your business? Just read this article to know more about all this.
CVS &Walgreens Betting on Cannabis
CBD has been found to relieve a number of symptoms such as chronic pain, anxiety and gut disorders, inflammatory problems, as well as neurological ones. Many people claim CBD helps them fight even some neurodegenerative movement problems such as Parkinson’s.
It’s the tetrahydrocannabinol (THC) in marijuana that causes psychoactive effects. This component isn’t federally legal in the US and is tabbed as a Schedule I drug with no proven positive medical effects. However, medical cannabis for those suffering from certain health problems is now legal in 31 states, as well as in the District of Columbia.
What about CVS and Walgreens? Well, these 2 major players in the field are going to explore CBD. Both chains are planning to start selling hemp-derived CBD products in 2.300 stores.
Specifically, Walgreens is going to sell CBD products at about 1.500 of its stores in the following states: Colorado, Illinois, Indiana, Kentucky, New Mexico, Oregon, Tennessee, South Carolina, and Vermont.
CVS reports the company is already in partnership with manufacturers ofCBD products that are in compliance with the law and that meet CVS’s high quality standards. Today, consumers can obtain CBD at 800 CVS stores in 8 states where the use of medical marijuana doesn’t violate the law. These include Alabama, California, Colorado, Illinois, Indiana, Kentucky, Maryland, and Tennessee.
CBD Merchant Account for Your Cannabis Business
In January 2018, the Food and Drug Administration (FDA) gave its approval for Epidiolex, a CBD oral solution, to be used for treating seizures caused by 2 rarely found, severe epilepsy types. As you know, CBD doesn’t get the user high. Instead, it provides users with several medicinal benefits.
If you want to reach success in your cannabis business, you can’t do without working with a respectable credit card processing company that knows your business best of all. With a reliable and experienced payment processor, you can easily obtain an exceptional CBD merchant account and start accepting payments online so to increase revenue. Just look for the one that offers the cheapest rates, the highest level of security, and the most advanced payment processing solutions in the industry.
Companies operating in the cannabis industry, including Chicago-based Cresco Labs, have started their CBD product lines.These lines have gained enough traction among those suffering from arthritis pain, stress, and other problems with health.
Currently, consumers can’t obtain food and supplements with CBD at CVS or Walgreens yet. However, Coca-Cola has announced its plans concerning its collaboration with Aurora Cannabis to produce a cannabis-infused soda.In addition, Jelly Belly is also planning to follow the growing trend and intends to create jelly beans containing CBD.
As you see, the CBD and cannabis industry is moving forward with rapid advances in the US. So, just take the time to find a true payment processing professional in the high risk space to enjoy the best for your business.
AuthorBio: Electronic payments expert Blair Thomas is the co-founder of high risk payment processing company eMerchantBroker that can get you the most secure and cheapest CBD merchant account easily. He’s just as passionate about his business as he is with traveling and spending time with his dog Cooper.