In response to the December 2021 news that Visa has issued a warning against cannabis businesses utilizing cashless ATMs, Fincann CEO Nathaniel Gurien released the following statement: The major card networks, including Visa, Mastercard, American Express, and Discover, are opposed to supporting the cannabis industry due to much of the same prejudice and misunderstanding that discourages the banking industry. As a result, I’ve seen and partnered with many often inspired attempts seeking to circumvent this resistance to cannabis credit card […]
Cannabis businesses historically struggle to get any assistance from traditional financial institutions. By understanding your funding options, you increase the chances of having more cash on hand for your next step.
While it may seem like a decent alternative, there are plenty of reasons to forego cashless ATMs altogether, first and foremost that these workarounds are patently illegal. Here’s what you need to know about cashless ATMs and how compliant merchant processing solutions stack up.
Cannabis-related companies have historically had a hard time securing funding. There’s evidence, though, that a recent groundswell of support could change everything when it comes to cannabis companies in need of lending.
Proponents of cannabis legalization have had a lot to celebrate in recent months. But while the executive branch may not be that enthusiastic about cannabis, there is gaining momentum in the legislative branch.
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