Banking,
Administrative/Regulatory
Dec. 27, 2021
The state of marijuana dispensary payment processing in the US
Visit nearly any marijuana dispensary in the country and you will likely be presented with the option to pay with a credit or debit card. In light of the apparent wide acceptance of electronic transactions at many dispensaries, you may be surprised to find that Visa and Mastercard ban cannabis merchants from their platforms.
Theodore F. Monroe
Law Offices of Theodore F. Monroe
800 W 6th St Ste 500
Los Angeles , CA 90017
Phone: (213) 233-2272
Email: Monroe@tfmlaw.com
Duke Univ SOL; Durham NC
Visit nearly any marijuana dispensary in the country and you will likely be presented with the option to pay with a credit or debit card. In light of the apparent wide acceptance of electronic transactions at many dispensaries, you may be surprised to find that Visa and Mastercard ban cannabis merchants from their platforms.
So what is the reason for the ban, and how do dispensaries continue to take credit and debit cards?
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