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Hemp bill/CBD sales

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Contributor

Hemp bill/CBD sales

Now that the farm bill passed and will be emplimented on Jan 1 2019, will PayPal fund CBD sales? I cant seem to get a straight answer. 

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Esteemed Advisor

Re: Hemp bill/CBD sales

16 REPLIES 16
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Esteemed Advisor

Re: Hemp bill/CBD sales

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Contributor

Re: Hemp bill/CBD sales

This is marked as completed, but I don't see an answer?

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New Community Member

Re: Hemp bill/CBD sales

I have not seen any answers to the original poster. I know the farm bill passed. Will PayPal now accept payments from CBD sales?
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Contributor

Re: Hemp bill/CBD sales

The 2018 Farm Bill was signed by the President and will go in effect Jan. 1, 2019. It makes hemp legal in all 50 states making it an agricultural commodity and legalizing interstate commerce. The law removes industrial hemp and its derivatives such as CBD oil from the Controlled Substances Act, removes hemp containing less than 0.3% THC from federal marijuana criminal codes as well as removing banking barriers that has, up until now, prevented PayPal from processing payments. As banks begin to proactively offer credit card processing to hemp companies, will PayPal please make an announcement soon on their policy for legal hemp products before many of us long-time users who want to sell it take other processors up on their offers? This thread is marked as "solved," but there is nothing solved here.

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Contributor

Re: Hemp bill/CBD sales

Support told me this:

right now in our Acceptable Use Policy on our website, we still do not allow CBD to be processed payments. Email that department directly at <removed> to ask.

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New Community Member

Re: Hemp bill/CBD sales

How come this small business UK online retailer of CBD bud and flowers (which are not legal in UK..despite mass confusion) <removed>is using PayPal?? Not to mention high street retailers Boots...Holland and Barrett......I can purchase CBD from their websites paying with PayPal???

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Contributor

Re: Hemp bill/CBD sales

Even here in the US my legal site they pulled PayPal off of after just 1 sale yet huge sites like <removed> is using PayPal and nothing, no problems at all!!! Its so frustrating!!! Grrrrr....

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Contributor

Re: Hemp bill/CBD sales

Hey there-

 

Was a workaround discovered since the last poster on 6/29/19?

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Contributor

Re: Hemp bill/CBD sales

None for me my site is still closed until further notice pending new payment processor. Looking into Payment cloud ☁ now