NJ Senate introduces a bill concerning CBD businesses. This will allow CBD merchants to access financial services. What about the UK? How can you get a secure and low-cost high risk merchant account in the UK? Let’s read below to know.
High Risk Merchant Account & NJ CBD Bill
Let’s start with the UK. Did you know that the UK’s Food Standards Agency has recently announced a deadline for the CBD (cannabidiol) industry? This means CBD businesses must the required information about their products without forgetting to add what they contain. Vulnerable groups aren’t advised to take CBD. Adults without any health issues can take 70mg a day max.
Now, let’s move to New Jersey. Companies involved in the production and sales of hemp-related (CBD) products would be able to use financial services, according to the new legislation introduced in the NJ Senate.
Where to get the best merchant services for your CBD business in the UK? For this, you just need to turn to a reliable merchant-services comparison specialist in the country that knows your high-risk industry best of all.
With a reputable payments-comparison expert that’s focused on terms, complaints, and integration, you can get unmatched reviews on processors. Working with the right processor, you can enjoy the safest and cheapest high risk merchant account you’re looking for.
New Rules for CBD in the UK
Have you heard that the products with CBD could be banned from appearing in the UK stores within a year if they haven’t received regulatory approval? This is what The Food Standards Agency (FSA) has already warned about.
Currently, CBD is among the UK’s most rapidly-growing wellness supplements with over 1.6 million regular consumers. You can find CBD being sold as oils, supplements, food, and beverages. The market is forecast account for over £1 billion by 2025 as the Centre for Medicinal Cannabis (CMC) reports.
Given the rapid growth of the hemp industry all over the world, including the UK and the US, new regulations are being introduced by governments. If you’re a CBD-business owner in the UK or NJ, expect to see changes to CBD regulations.
Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of merchant accounts and can best help you with a high risk merchant account. He also writes non-fiction, on subjects ranging from personal finance to stocks to cryptopay. He enjoys eating pie in his backyard porch, as should all right-thinking people.