Colorado Governor Jared Polis (D) expressed his satisfaction with the decision to legalize marijuana and psychedelics, citing benefits such as putting dealers out of business, creating jobs, generating tax revenue and providing a sa
The move is 'another nail in the coffin,' Reepher CEO says. Marking another setback for the marijuana industry, Mastercard recently sent cease-and-desist letters to banks and payments processors that assisted in the purchase of legal cannabis.In the letters, the credit card giant told the recipients to suspend accepting marijuana transactions using PIN debit cards on its network, according to a July 26 Bloomberg report.Mastercard did not respond to Kiplinger’s request for comment.For an already-
Mastercard Inc. (NYSE: MA) recently jolted the cannabis industry with a demand: "In accordance with our policies, we instructed the financial institutions that offer payment services to cannabis merchants and connect them to Mastercard to terminate the activity,"