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7/9/19 Breaking News on CBD & Credit Card Processing in the United States. By Judith Kohler, The Denver Post

Colorado Rep. Ed Perlmutter is sponsoring a bill to open banking and financial services to marijuana businesses in states that have legalized marijuana. The bipartisan bill got its first-ever hearing by a U.S. House committee earlier this year.

Financial service providers, social media companies keep industry at a distance.

The 2018 federal farm bill legalized hemp. Hemp products can be sent through the mail under certain guidelines. But Linda Main can’t find a credit card company willing to process transactions at her store in Fort Morgan, where she sells CBD merchandise.
“There are one or two out there that do, but there’s a waiting list that is out of this world,” said Main. She and her husband George Henning, own G&L, CBD Oils……”Imagine going into a Safeway and getting groceries and they say. “Oh no, we can’t take your card,” Main said.
Read the article in it’s entirety here:
Colorado Rep. Ed Perlmutter is sponsoring a bill to open banking and financial services to marijuana businesses in states that have legalized marijuana. The bipartisan bill got its first-ever hearing by a U.S. House committee earlier this year.

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