The popular point-of-sale and payments service Square says it will no longer allow CBD and other hemp-derived products to be sold on its platform, according to an email obtained by Marijuana Moment.
The communication, sent to a business that uses Square, cited an upcoming change to federal law that will recriminalize many hemp products that were previously legalized by Congress.
Hemp derivatives with less than 0.3 percent delta-9 THC on a dry-weight basis were federally legalized under the 2018 Farm Bill that President Donald Trump signed during his first term in office. But late last year, the president signed new legislation containing provisions that will redefine hemp to make it so only products with 0.4 milligrams of total THC per container will remain legal after November 12.
“Because of this change, selling CBD and hemp-derived products — online or in person — will no longer be permitted on Square’s platform,” the email said.
“Your Square account remains open, and you can continue selling all of your non-CBD products on Square as usual, to the extent permitted under Square’s policies,” it continued. “Only the affected CBD/hemp items are impacted.”
Businesses are being directed to “remove any CBD, hemp and hemp-derived items
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