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Joe Tucci, who is trying to launch the e-commerce company Cares CBD, told Hemp Industry Daily that when he tried to secure merchant services, the financial institution told him he would have to lie about his business on the application to get approved. “I have emails … instructing me to lie on my application,” Tucci said.

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Cannabidiol (CBD) is one of over one-hundred cannabinoids that have been identified in cannabis. It accounts for as much as 40% of the plant extract. Unlike THC, CBD is not psychoactive - though it can have pronounced effects on physiology.

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