Can you buy CBN products with a credit card?
If you are in the market for an effective, safe, and pocket-friendly sleep aid, CBN ( Cannabinol ) is probably your best choice. It’s a natural plant compound that is extracted from cannabis plants to make edible sleep-enhancing products like gummies, tinctures, and softgels.
However, for a very long time, such products were not legal, and buying them through your credit cards often led to the freezing of your account. Many payment processors did not provide support to popular cannabinoid sites.
But things have changed after the 2018 farm bill which legalized all industrial hemp-derived products as long as they don’t have more than 0.3% THC in them. So yeah, as of today you can buy CBN oil for sleep through both online stores using your credit cards.
There’s more to it though, let’s explore this topic in detail. By the end of this article, you’ll be equipped with all the knowledge to legally buy CBN products using your credit cards without any trouble from authorities.
Legal Framework for CBN products
The year 2018 was transformative for hemp farmers across the country, the federal government passed a bill to remove hemp and its derivatives from the list of controlled substances. But things are a bit tricky in the case of CBN.
See, as per laws only the products made from derivatives of industrial hemp plants are allowed to be cultivated and sold for masses and can not have more than 0.3% THC in them. CBN is not there in young plants, it only forms when THC breaks down due to oxidation.
So mainly CBN is found in older marijuana plants, as they have high concentrations of THC. However, brands can not use CBN derived from marijuana plants to sell CBN legally. They have to rely on the hemp plants only, which have very little THC and hence very little CBN.
This makes the extraction part costly and difficult for a very large number of old hemp plants to get even small amounts of usable CBN. However, lately, some farmers are cultivating hybrid hemp plants with high levels of CBN, but it’s still not a very widespread practice. So yeah, CBN is legal, but it must come from industrial hemp plants only.
Payment Processing For CBN products
The majority of payment processing companies often see CBN selling platforms as high-risk merchants. Plenty of them still associate CBN with marijuana, even though the products being sold by brands are made from CBN derived via approved, and legal industrial hemp plants.
Plus, there’s a lack of regulations in the industry, which often leads to wrong cannabinoid levels in the final product. Payment processing platforms are often hesitant about things that are not properly tested and approved by the FDA.
That’s why many payment processors are hesitant to work with CBN sellers because they worry about potential legal issues or future regulatory changes. The lack of clear federal guidelines around banking services for hemp-derived products further complicates the situation.
But guess what, some of them have found ways to handle it, and allow you to buy CBN using your credit card. Let’s understand this in detail.
Policy of Credit Card Companies for CBN products
All major credit card networks handle CBN transactions in different ways. The pioneers in this space are Mastercard, Discover, Visa, and American Express. They don’t officially put a blanket ban on CBN purchasing, but they’ve made the process a bit tricky.
Most take a well-calculated approach and often leave it to the individual’s holding bank to decide whether the transaction for buying CBN should be approved or not. This sometimes leads to unnecessary confusion and uncertainty on both the customer’s and merchant’s end.
Due to this lack of clarity and coordination, sometimes payments go through without any hassle on certain days and fail on others. It’s similar to what happened with CBD a few years ago, some companies started accepting payments, then stopped, and then started again as policies changed with time.
Many CBN sellers report that credit card processors frequently change their minds about working with them, which leads to interrupted service and bad customer experience. This then negatively affects the brand image in the market, and they have to come up with major discounts to keep the customer afloat.
Plus, brands now have to maintain relations with multiple payment processors to avoid credit card payment failure. So yeah, you can buy CBN with a credit card, but there is a risk of payment failure sometimes. However, things are evolving with time, and the environment for CBN is getting more friendly across financial institutions and society.
What to keep in mind as a customer when purchasing CBN using a credit card?
If you’re planning to buy CBN products with a credit card, prepare for possible hiccups. Your transaction might be declined even if you have plenty of available credit. Some banks flag these purchases as suspicious, which could lead to your card being temporarily frozen.
The process is meant to protect you from fraud, but it can be frustrating when you’re trying to make a legitimate purchase. Privacy is another concern. Credit card statements usually show the store name, so if you prefer to keep your CBN purchases private, it’s better to use a more discreet payment method.
If something goes wrong with your order, getting a refund through your credit card company might be harder than with regular purchases. Some consumers have reported difficulties with chargebacks or disputes related to CBN products.
Summary
To sum it up, Yes, you can buy CBN products using a credit card, but on certain days your payment may not go through. The situation is gradually improving, and it’s best if you stick to buying CBN from reputed sources only to avoid getting your transactions flagged as fraud.
Also read: Financial Future
Do keep alternative payment methods ready, just in case credit card payment fails. As for the quality CBN products, Colorado Botanicals is currently leading the race as the best and safest platform. You can get huge discounts on festive sales and save up to 15% with their subscription model.