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.
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.
read full story here: https://nypost.com/2023/07/27/mastercard-blocks-marijuana-transactions-on-debit-cards-citing-federal-illegality/?
