*** Deleted post and replaced with one below. I misunderstood the question at first. ***
@greensandbeans I may have misunderstood your original post. If you are already approved in Square’s CBD program, then you are fine as far as that goes.
However, the splitting of your one business into two won’t be possible, at least you won’t be able to open two Square accounts with the same EIN. You’ll need to obtain a separate EIN for the second business, or maybe you can just set up each as its own location with separate POS, etc. I doubt that would lower your rates for your coffee shop, however, as those higher rates are based on the fact that your company sells CBD which comes with risk to Square. The only possible way I know around that is to have to separate and distinct companies.
