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: Point of Banking debit card processing
Are Credit and Debit Cards Accepted in Marijuana Dispensaries?
Jaimee was excited about her first trip to a legal, regulated cannabis dispensary. She couldn’t wait to talk with a real budtender about two cannabis strains that she wanted to try hoping they’d help her relax and sleep better. She’d done her research online and this was her chance to buy the real thing; Skywalker…
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…