Sunday, August 3, 2025
MWH
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
Marijuana with Hemp
No Result
View All Result
Home Business

Mastercard won’t allow weed sales on their cards

Graham Cooper by Graham Cooper
July 31, 2023
in Business, Featured
Share on FacebookShare on Twitter
67

The marijuana industry has been desperately trying to get past the cash threshold for years now. One reason is to be taken seriously as an industry, but most importantly, dealing in cash leaves businesses vulnerable to theft. Until something like federal legalization or the SAFE banking act is put into place, dispensaries across the country have to watch their backs.

What’s making matters worse is that Mastercard, one of the companies enabling use of their debit cards for purchases, has terminated the allowance.

“The federal government considers cannabis sales illegal, so these purchases are not allowed on our systems,” a spokesperson for Mastercard stated.

As for the SAFE banking act, it’s been stuck in limbo for years now, with the House voting to pass it numerous times and no activity in the Senate. It’s a very frustrating situation, especially considering the seeming bipartisan support for the bill.

Read the original article at Reuters.

Visits: 602
Previous Post

Marijuana Testing In The NBA Is No More With Help From Kevin Durant

Next Post

Cresco Labs and Columbia Care Call Off 2$ Billion Merger Deal

Graham Cooper

Graham Cooper

Next Post
Cresco Labs and Columbia Care Call Off 2$ Billion Merger Deal

Cresco Labs and Columbia Care Call Off 2$ Billion Merger Deal

ADVERTISEMENT
  • Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    0 shares
    Share 0 Tweet 0
  • Where is marijuana on the ballot in November?

    0 shares
    Share 0 Tweet 0
  • Doordash gets into the Weed Delivery Business

    0 shares
    Share 0 Tweet 0
  • Barstool Sports Delves Into the Realm of Cannabis

    0 shares
    Share 0 Tweet 0
  • Kamala Harris Didn’t Talk With Rogan About Legalization, She Should Have

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
Company that injects CBD is getting in trouble

Company that injects CBD is getting in trouble

March 18, 2025
Fetterman Opposes Zyn Ban For Same Reasons He Backs Marijuana Legalization

Fetterman Opposes Zyn Ban For Same Reasons He Backs Marijuana Legalization

January 31, 2024
If You Smell Like Weed, It’s Now Illegal To Enter North Carolina Court Rooms

If You Smell Like Weed, It’s Now Illegal To Enter North Carolina Court Rooms

0
Elizabeth Warren Would love to smoke weed with The Rock

Elizabeth Warren Would love to smoke weed with The Rock

0
Anti-Marijuana Reform Group SAM Releases New TV Ads To Stop Marijuana Reform

Anti-Marijuana Reform Group SAM Releases New TV Ads To Stop Marijuana Reform

August 1, 2025
Rand Paul Saved the Hemp Loophole

Rand Paul Saved the Hemp Loophole

August 1, 2025
ADVERTISEMENT
Marijuana with Hemp

Browse by Category

  • Business
  • Featured
  • Hemp Politics
  • Lifestyle
  • Medical
  • Medical Marijuana
  • Politics

Recent News

Anti-Marijuana Reform Group SAM Releases New TV Ads To Stop Marijuana Reform

Anti-Marijuana Reform Group SAM Releases New TV Ads To Stop Marijuana Reform

August 1, 2025
Rand Paul Saved the Hemp Loophole

Rand Paul Saved the Hemp Loophole

August 1, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Marijuana With Hemp

No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© 2024 Marijuana With Hemp