medical use for some conditions, and 23 states, two territories and the D.C. have legalized recreational use.
Mastercard said in an emailed statement Thursday that “the federal government considers cannabis sales illegal, so these purchases are not allowed on our systems.”Advertisement “As we were made aware of this matter, we quickly investigated it,” the company said. “In accordance with our policies, we instructed the financial institutions that offer payments services to cannabis merchants and connects them to Mastercard to terminate the activity.”$30 billion in revenue this year would be “overwhelmingly” generated through cash transactions, which he says put workers and communities at greater risk.
Supporters of efforts to allow cashless transactions at dispensaries say forcing the businesses to operate only with cash invites would-be thieves. “It makes absolutely no sense that legal businesses are being forced to operate entirely in cash, and it’s dangerous — and sometimes even fatal — for employees behind the register,” Sen. Patty Murray said in a“State-legal cannabis businesses are locked out of most banking and financial services,” Glasstetter said in a text message.
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