Hemp seed oil, the distant cousin of CBD oil, is sourced from the Cannabis Sativa plant seed. The oil has anti-aging benefits. It helps in dealing with many skin problems like acne, sensitivity, rashes, eczema, and psoriasis. Additionally, it reduces cholesterol, improves the health of heart, and increases skin elasticity. Hemp stacks can be used in fibers, types of clothing, plastics, and biofuels.
Hemp oil production is considered as a high-risk business because of its association with the cannabis family. The cannabis is categorized under - Schedule I Drug- along with Heroin, LSD, and other illegal substances. This is the reason why most of the banks refrain from providing hemp oil merchant account solutions to its producers.
However, the industry is on the cusp of change - for the better reason probably. The US government is in the process of loosening its stand on cannabis products that includes Hemp oil. With the implementation of the Farm Bill Act of 2018, approximately 10 states have legalized hemp oil production. But still, many states have dilly-dallied stand, regarding the legalization of the oil.
With the background of operation in the high-risk industry for almost three decades, the Canna’s Hemp payment solution opens a plethora of possibilities for hemp oil producers. We are enabling merchants to acquire and maintain Hemp Credit Card Processing Solutions to make secure digital payments.
At Canna Group, your high-risk merchant account will function like a low-risk merchant processing account.
We encourage all hemp merchants to have a brief conversation to get the approval process started.
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