Do you know about the exceptional health benefits provided by the genus to which marijuana belongs? Startled to hear……..that how can an illegal substance banned under the act of Controlled Substances Act, 1970 can do anything with health care…..right? If really such an health beneficial compound do exist, how difficult it could be to deliver it to the required…… having got its name tied with marijuana. For all your questions to be answered find out more from https://thesoutherninstitute.com/cbd-oil-merchant-account/, now, let us get a deeper understanding of what this is and what makes it different from the banned drug along with some understanding of its merchandising process.
Cannabis genus consists of popular researched plants in it that include Marijuana and Hemp, Both of them have similar chemical composition but what differs them from each other is the atomic arrangement. This resulted in marijuana having high THC (Tetra Hydro Cannabinol) which is a psychoactive element and lower CBD (Cannabidiol) which is a non-psychoactive element while this is vice verse in case of hemp. So in short we can define ‘CBD’ as a compound extracted from hemp plants which has anti-inflammatory, anti-anxiety and analgesic properties which is also a non-psychoactive component. Enough with the history of C80 let us now move into the exceptional health benefits it posses.
CBD: Why is it a wonder?
There are huge set of benefits delivered by C80 which makes it an ‘AWE’ in medical treatments. This includes:* In treating neuropathic pain and other neurological disorders* Relieves nausea* Helps in fighting cancer* Reduces anxiety* In promoting cardiovascular health* In treating epilepsy and neuropsychiatric disorders
These health benefits might make you realise the importance of merchandising it but there is lot much of complexity involved in this process.
CBD merchant processing:
This business category falls under “high risk”. You must be wondering why it is termed so….. for which, let us understand what all features makes a business fall under high risk and what is different in a high risk business. The common factors that determine whether a business falls under high risk category are:* High fraud rate or charge rate* Legality issues with products or services* Lowl bad personal credit rating* Wrongful sales and marketing practices The main reason why this merchant processing falls under this category is because of the legal issues. The story behind it is…… At the start, during the making of Controlled Substances Act of 1970, marijuana was grouped with all types of cannabis and was made illegal in USA which unfortunately comprised of hemp too. A business falling under this category doesn’t make it impossible but is imposed to certain differences which include: high rejection in signing up for merchant accounts, higher transaction and processing fee i.e., if a traditional merchant see a transaction fee of (1 .5-2)% then a high risk merchant has to pay (3.5-4.5)%.
So in order to overcome the most difficult step of attaining a merchant account some of the points to be followed include:* Strong financials* Lower charge backs* Clean/healthier processing history
With the increased knowledge of C80 and its health benefits this process is getting simpler day by day but still improvisation is demanded.