Thrive Market, An Online Retailer, Is Forced To Stop Selling CBD

US Hemp Authority also heard that Stripe would no longer work with it

Thrive Market, an online natural and organic products marketplace, said it is shelving its catalog of hemp extracts and topicals at the demand of the company that processes its customer payments.

The e-commerce platform received notice from its merchant processor “demanding that we cease the sale of all hemp and CBD products,” Nick Green, Thrive’s chief executive, wrote in a blog post and email to customers. “We unfortunately have no choice but to comply, and we’ll begin removing our assortment as early as Thursday, June 20.”

The merchant processor was not named, and Green was unavailable for further comment. Thrive has been selling the products for more than 18 months.

Thrive is not alone. Earlier this month, third-party payment processor Stripe dropped the US Hemp Authority, a nonprofit organization developing a certification program and label for hemp, as a client because it thought it was too much of a liability, CNN Business has learned.

To Read The Rest Of This Article On CNN Business, Click Here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

CHAMPS CBD Report, or ‘CCR’, is a national daily online trade publication serving retailers of CBD products and accessories. News and information are geared strictly to select retail channels, with distribution limited to retailers that sell CBD products and wholesalers.


Stay informed with the most up-to-date industry news to help you grow your business: subscribe to our newsletter below!

Copyright © 2019 CHAMPS CBD Report. Terms & Conditions | Privacy Policy

To Top