Navigating the Complexities of Card Payment Acceptance in the Legal Cannabis Sector
Wednesday, 15 May 2024, 12:08
Challenges in Card Payment Acceptance
Despite advancements in the legal cannabis sector, the ability to process standard credit card transactions remains a hurdle.
Financial Sector Evolution
More financial services firms are beginning to explore opportunities within the industry to offer solutions for payment processing.
- Reclassification Debate: The ongoing debate about reclassifying the sector for easier access to financial services continues.
- Major Banks' Avoidance: The reluctance of major banks to engage with the industry complicates the process of setting up card payment systems.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.