r/hempflowers • u/Bright-Librarian-675 • 7h ago
🌿Vendor🌿 Beleafer update (hemp update & international pymnt processing)
Hey this is Tyler from Beleafer.
This is a post and ghost. Just wanted to give you guys a heads up about payment processing & general hemp regulation updates.
First, Square is closing all of the CBD merchant accounts on November 5, so we're all scrambling to find alternatives. The alternative I've found doesn't allow international shipping. In the short term we had to remove international shipping from the site. In the long term, we're going to figure something out. However, for now, if you're international, just email us and we'll sort you out off-site.
Second, a lot of people text me or message me to ask me about the hemp situation, so I'll just let you all know here. I've been as involved as probably any hemp farmer in America with the lobbying efforts for hemp, meeting with several PA state and federal legislators this year. What I've observed is that there is overwhelming bipartisan support for hemp to be legal, they just want to get rid of THCa and put guardrails like age gating and outlawing synthetic cannabinoids.
The White House is a massive supporter of hemp remaining legal, they're pushing hard. I do believe there will be another extension. It'll probably be 9 months, is the latest word. Stuff changes every day so don't hold me to it. The CR that funds the federal government is up for renewal in December, and the hemp ban extending language is in it permanently now for each CR, unless it is actively removed, which is unlikely imo. However there is word that contingent in that extension is that the threshold for "hemp" be changed from 0.3% d9-THC to 1% total THC in order to get the support needed to pass another extension. So be prepared for that, THCa could be going away in December. That's not guaranteed but it's an outcome you should be prepared for.
Long term, you should expect 1% total THC to be the law of the land, to have your ID checked that you're 21, you won't be able to buy synthetic cannabinoids, and likely an additional tax on all hemp products will be charged. That will come with the Barr regulation.
I won't see any replies, if you need to reach me please send an email through the website.
Type 3 foreva,
Peace