As I continued moving forward on building a CBD business, I had to figure out the licensing. Was that a nightmare! I ended up getting in touch with the Division of Marijuana to find out what I was. Can you imagine? I had no idea what I was because I did not fall into any of the categories. 

I received an email and a phone call from the Division of Marijuana and was told I was classified under “Industrial Hemp.”  I was not under the strict regulations of the Division of Marijuana. I was under the Department of Agriculture.

Next was finding a bank and credit card processing. Another nightmare! I realized at that point that all those companies claiming to be selling CBD either weren’t or were doing things illegally. 

At that time (2019) there were only seven banks in the United States that allowed CBD customers. I found two of them in Colorado. I was actually already banking with one. They gave me permission (which took a month) to open a bank account with them. 

Getting credit card processing was even worse. The fees were astronomical. I would be out of business before I opened my doors with the fees alone. After contacting several companies, I finally found one and they were able to get the fees to a more reasonable rate. There were still several hoops to jump through before I received the processing.

This has been the hardest business I have ever started. I am doing things right. Our products are third-party tested to verify the validity and potency of what is in the product (cannabinoids, terpenes) and to verify that there are no contaminants or heavy metals in the product.

Here is an article on steps to take.

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