News

Shopify updates platform for CBD sellers in U.S.

Shopify updates platform for CBD sellers in U.S.
Business
NEW YORK -- Shopify Inc. says its e-commerce and retail platform has been given new features to help U.S. merchants sell hemp and hemp-derived cannabidiol products where permitted by law.

The announcement follows last year s passage of U.S. federal legislation that removed hemp from the Controlled Substances Act, which still covers cannabis products.

Hemp may contain CBD, a compound with potential medicinal qualities, but without significant levels of THC -- a compound in cannabis that produces a high.

Shopify says the new features will help its clients tap into a growing regulated industry in the U.S. by providing tools for marketing, payments and shipping products.

The Ottawa-based company s platform is used by merchants in roughly 175 countries to set up and manage sales operations across multiple channels including mobile apps, online portals and physical store locations.

Shopify shares have more than doubled in value over the past year, but currently trade below their 52-week high of C$543.76, set Aug. 27. They were down $9.07 at $438.41 in early trading Tuesday.
Read more on CTVnews
News Topics :
Similar Articles :
Business
NEW YORK Shopify Inc. says its e commerce and retail platform has been given new features to help U.S. merchants sell hemp and hemp derived cannabidiol products where permitted by law....
Business
Shopify Inc. is introducing new features for U.S. retailers of hemp and CBD, expanding its cannabis e commerce platform south of the border. The Ottawa based company plans to offer tools including...
Health
In this April 29, 2014 photo, an oral administration syringe loaded with with high CBD hemp oil for treating a severely ill child is shown at a private home in Colorado...
Business
VAUGHAN, Ont. CannTrust Holdings Inc. says it is entering the U.S. market for CBD, starting with a hemp production joint venture in California. The Vaughan, Ont. based licensed producer says it...
Business
It’s being touted as the next new miracle ingredient for everything from pet treats to anti aging face creams and elixirs that can help an athlete’s aching body recover faster. But...