Tag: CBD
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MCC 5993: Smoke Shops, Vape, and CBD Need a Better Processor
If you run a smoke shop, sell cigars, offer vaping products, or operate a CBD business, you fall under the Merchant Category Code 5993. Maybe you’re frustrated by payment processors turning you away, or you don’t like the label of “high-risk” just for running your business. Let’s break down what MCC 5993 means, why it…
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Terpenes: What Every Online Business Owner Needs to Know
CBD has so many potential benefits, it’s no wonder we discover (or develop) something new with it every year. This time, terpenes are the new focal point. Terpenes are aromatic compounds offering businesses a brand new set of opportunities for product development and marketing. Let’s explore everything you need to know about terpenes, from sources…
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Mastercard Bans Debit Cards for US Cannabis Shops, How to Comply without Losing Customers
Mastercard recently made a controversial decision that sent shockwaves through the burgeoning cannabis industry. The global financial giant instructed US-based cannabis shops to cease accepting its debit cards, citing federal laws that still classify marijuana as an illegal substance. The crackdown is instilling fear in cannabis merchants across the US. But what does this move…
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Square CBD Payment Processor Is Unsustainable — Avoid!
Even if it’s one of the biggest payment aggregators, Square is not the long term answer for selling CBD online. If you’re going to be selling CBD online, then you should read up on governance in your area, which we’ve outlined here. Ultimately, it’s up to you to decide which payment processor or aggregator is…
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Niche CBD Products That Will Grow Your Customer Base
Cannabidiol (CBD) is quickly becoming one of the most popular products on the market. From tinctures to edibles, CBD can be found in a variety of forms and used for various purposes. With its surge in popularity, CBD business owners are looking for ways to capitalize on this trend by offering niche products that will…
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