Cannabis is a disruptive industry. Within a few short years, it transformed from an underground culture to becoming regulated “essential businesses” during the COVID-19 pandemic. The pace of change is simply astounding with projected 2020 U.S. cannabis revenue ranging from $15 to $19 billion dollars. Clearly, long-held attitudes are changing and this helps normalize the…
Tag: Cannabis merchants
Credit Card Regulations for Cannabis Businesses
Every dispensary owner knows that cannabis credit card processing options are extremely limited. This is primarily due to one overarching fact; major banks and credit unions are regulated by the federal government and cannabis remains illegal under federal law. This creates a high level of risk for any commercial bank and for now, most decline…