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Below are some take outs from our comprehensive blog. If you want the full story get it here: https://blog.bankcardinternationalgro... Finding a payment processing solution when your product is cannabis seed hasn't been the easiest thing for merchants. Cannabis seed payment processing entailed either lying to the bank or going to an offshore processor. Banks are notorious for turning down a merchant account application as soon as they realize what the product is. But, because of a recent DEA clarification, cannabis seed payment processing no longer falls in a gray area. Businesses that are considered ancillary to the cannabis industry, or are seen to support or promote it, bring more regulation and liability to banks. Banks don't like to take on extra expenses, extra work, or extra liability. But why? Seeds aren't illegal. Cannabis seeds are used for many purposes beyond growing the cannabis plant. But they exist in a legal gray area. Legal gray area made cannabis seed payment processing elusive. The 1961 Single Convention on Narcotic Drugs states that cannabis and its leaves are an illicit substance. But it specifically exempts the seeds. The Convention “explicitly exempts Cannabis seeds, fibers, and “leaves when not accompanied by the tops”. Despite this, cannabis seed legality in the feds' eyes remained in question. This is primarily because of the Source Rule. Prior to the 2018 Farm Bill, the Source Rule was used to determine whether parts or extracts from a cannabis plant were illegal. Whether or not something was illegal was dependent on its source. If a plant extract or part "came from" a source included in the definition of marijuana, it was illegal. If it came from a part that is excluded in the definition of marijuana, it was not illegal or controlled under the CSA. For all intents and purposes, the cannabis seed is not considered a drug. The seed itself contains no narcotic components. However, cultivation of said seed results in the growing and possession of a cannabis plant. According to federal law, a cannabis plant is a plant from which one can harvest an illegal substance. Seeds end up in the procurement of an illicit drug… They are also sourced from an illegal and controlled substance. In addition, each state that has legalized the use and cultivation of cannabis has laws that vary greatly from each other..... New DEA clarification proves cannabis seeds are not a controlled substance Under the 2018 Farm Bill, the legality of any part of the cannabis plant depends on the amount of delta-9 THC. This consideration alone determines if a cannabis material is illegal marijuana or legal hemp. In a recent letter, the DEA clarified its position on the legality of cannabis seeds.... Accept all kinds of payments with cannabis seed payment processing. You won't settle for any of that with our cannabis seed merchant account. This is a domestic and transparent solution for accepting credit card payments for cannabis seed. In fact, we offer multiple solutions for accepting payment for cannabis seed sales. Whether you sell retail, wholesale, or both, you can set your business up for success by accepting multiple payment options. Bankcard International Group offers merchant accounts to accept traditional payment methods like credit cards, ACH payments, Echecks. But we can also help merchants expand their options with our robust solution for accepting alternative payments such as Bitcoin.....