Mastercard moves to ban cannabis purchases on its debit cards

[EvilEyeFleegle]

Uh-oh..better break out the cash for your get-high buy!

Mastercard moves to ban cannabis purchases on its debit cards

Mastercard has told financial institutions to stop allowing marijuana transactions on its debit cards, dealing a blow to an industry already on the fringes of the financial system in the United States.

www.reuters.com

Mastercard (MA.N) has told financial institutions to stop allowing marijuana transactions on its debit cards, dealing a blow to an industry already on the fringes of the financial system in the United States.
Most banks in the country do not service cannabis companies as marijuana remains illegal at the federal level despite several states legalizing its medicinal and recreational use.
"As we were made aware of this matter, we quickly investigated it. In accordance with our policies, we instructed the financial institutions that offer payment services to cannabis merchants and connects them to Mastercard to terminate the activity," a spokesperson for the company said on Wednesday.
"The federal government considers cannabis sales illegal, so these purchases are not allowed on our systems," the spokesperson added.

 

[pknopp]

Fighting a losing battle.

 

[rampart]

another corporation goes woke!

 

[EvilEyeFleegle]

Fighting a losing battle.

Naw..just protecting the company. The day the Feds legalize weed..M/C will be right there with their greedy lil hands out. But getting hit with a whopping fine for facilitating illegal drug sales is a definite buzz-kill~

 

[Dadoalex]

The stupidity of federal drug laws at work.

Increase risk of robbery
Increase the need for police
Increase risk to both customers and workers

Because people get their panties in a wad over 90 year old propaganda.

 

[Dekster]

They should ban the purchase of brownie mix and Doritos just to be safe.

 

[TNHarley]

I wouldnt use a card at a dispensary anyway

 

[EvilEyeFleegle]

They should ban the purchase of brownie mix and Doritos just to be safe.

Too late

 

[HereWeGoAgain]

Pandering....
They'll just stop at the ATM on the way to the cannabis dispensary.

 

[FranklinRoosevelt_FTW]

Uh-oh..better break out the cash for your get-high buy!

Mastercard moves to ban cannabis purchases on its debit cards

Mastercard has told financial institutions to stop allowing marijuana transactions on its debit cards, dealing a blow to an industry already on the fringes of the financial system in the United States.

www.reuters.com

Mastercard (MA.N) has told financial institutions to stop allowing marijuana transactions on its debit cards, dealing a blow to an industry already on the fringes of the financial system in the United States.
Most banks in the country do not service cannabis companies as marijuana remains illegal at the federal level despite several states legalizing its medicinal and recreational use.
"As we were made aware of this matter, we quickly investigated it. In accordance with our policies, we instructed the financial institutions that offer payment services to cannabis merchants and connects them to Mastercard to terminate the activity," a spokesperson for the company said on Wednesday.
"The federal government considers cannabis sales illegal, so these purchases are not allowed on our systems," the spokesperson added.

A step in the right direction. I’ll smoke shops selling marijuana products should be banned in this country. It’s a despicable site.

We need better jobs in this country. The middle class is been crushed. The average price of a home has gone from 250,000 a year to 350,000 a year in just three years.

 

[Harry Dresden]

I wouldnt use a card at a dispensary anyway

as far as i know you cant use one.....

 

[FranklinRoosevelt_FTW]

Those white mass school shooters in almost all of them are young white men are on marijuana they’re using drugs. They are depressed. This did not happen in the 1940s or the 1960s. Maybe once a year at it but never like it does today. Not to mention the invention of anti-depressions in the 1980s. That’s not the way forward. People have to be tough. They learn how to do things without goddamn drugs.

 

[TNHarley]

as far as i know you cant use one.....

I have been to a couple in other states and they had the machines for it.

 

[Harry Dresden]

Those white mass school shooters in almost all of them are young white men are on marijuana they’re using drugs. They are depressed. This did not happen in the 1940s or the 1960s. Maybe once a year at it but never like it does today. Not to mention the invention of anti-depressions in the 1980s. That’s not the way forward. People have to be tough. They learn how to do things without goddamn drugs.

they are on marijuana?.....what other drugs were they on frankie?.....

 

[FranklinRoosevelt_FTW]

For every person who is able to function with marijuana use, there are dozens of other people who are so depressed every day there’s suicidal. Some of them end up becoming mass school shooters.

 

[Harry Dresden]

I have been to a couple in other states and they had the machines for it.

just ATM's right to get cash.....but its cash at the counter right?.....

 

[okfine]

as far as i know you cant use one.....

That is 100% correct. Some weed stores have an ATM onsite. Some are cashless. They issue vouchers.

 

[FranklinRoosevelt_FTW]

they are on marijuana?.....what other drugs were they on frankie?.....

Anti depressants . And tone it down a little bit man we’re in this thing together.

 

[TNHarley]

just ATM's right to get cash.....but its cash at the counter right?.....

Naw. they had a debit card machine. IDK if everyones card or whatever would work on it, but they had them.

 

[FranklinRoosevelt_FTW]

It’s been documented that many of the mass school shooters almost always young white men. They are on antidepressants and or marijuana. Those are their drugs that they were using before they killed themselves after going on a shooting spree. This didn’t happen in the 1950s.