MASTERCARD CEASES MARIJUANA PURCHASES ON ITS DEBIT CARDS

Last week, Mastercard issued letters to payment processors and banks, directing them to disallow marijuana-related transactions on the company’s debit cards.1 This move results from the conflict between state-level cannabis legalization and ongoing federal policy of criminalization, creating a challenging, complex and constantly evolving situation for the industry. Even as cannabis has become legal under the […]

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