Mastercard demands US cannabis shops stop accepting debit cards
Mastercard demands US cannabis shops stop accepting debit cards
The issuer says its debit cards must not be used for legal cannabis, due to federal laws in the US.
They are a middle man between my bank and the store in purchasing from, nothing more. They shouldn't stop anything unless it's theft.
While I get your sentiment, this announcement comes months before GOP primaries start. As a business, you don’t want to be on the chopping block when the extremists accuse you of drug peddling. A Trump, DeSantis, or similar presidency won’t care about facts.
Edit: if this has 5 downvotes 2 minutes after I comment, it’s my stalker. Idk what to do about it either
Permanently Deleted
Maybe Biden can... Who the fuck am I kidding. Presidents will ride the "maybe I'll legalize" train for decades to come. I'm shocked the giant tax revenue called legal green isn't incentive enough.
It's your money until
banksfinancial institutions tell you it's not.MasterCard isn't a bank.
This is good for Monero.
Yes I’m sure the states allowing cannabis sales would love for dispensaries to start taking untraceable money. That ought to be super easy to figure out on their AML reporting
I'm all for making cash great again. Better than it getting accepted in less and less places. I hope they will also do the same for other, more popular things.
Not surprising. You can’t expect a company like Mastercard to open themselves up to that kind of liability.
What liability? These are in government-licensed facilities regulated by the same government institutions which regulate the sale of alcohol, which require you, just like a bar or liquor store do, to verify your identity and that you are an adult with a government-issued ID, where all products are subject to government testing and taxation.
This isn’t about liability, it’s about outdated federal regulations which remain in place only because alcohol producers continue to pay off / “donate to” congresspeople to prevent a different inebriant, consumption and usage of which is demonstrably safer for both the direct consumer and the general public, from affecting alcohol profits.
Mastercard is a several hundred billion dollar company.
They're actually literally the kind of institution that should be willing to open themselves up to liability to fight for citizens rights, instead of always taking a hard-line against citizens at the behest of the Federal government. They absolutely have the money to fight such a thing in court, if the Federal government cracked down on them... and to remind you.... The Fed's haven't done that. I would say they had a leg to stand on vis a vis liability if the Federal government had made an example of them in the past nearly 30 years since medical marijuana was first legalized in California in 1996.
This is just puritan bullshit with a hand-wavey excuse as to why.
They have the money to fight it and easily win, if they cared. They don't. It's not about liability. The Federal government has a long history of not bringing a case unless they're absolutely going to win it, they don't waste the money. They haven't been liable yet in decades, so why now?
Why now is an exercise in puritan control. Just like these chucklefucks do to sex workers in the porn industry.
Fighting it isn't profitable for them.
So they don't bother.
Corporations don’t give a shit about citizens rights or improving the lives of citizens, they only care about ever increasing profits to the exclusion of all else
Druggies will be druggies
What do you mean by this?
Not OP but I’m pretty sure it was suggesting that BBC News and Mastercard are both crackhead institutions 😏
The weed bullshit in this world is overblown.
Every person I've ever know who uses weed has been a classic druggie.
And every person I've met with a "medical" marijuanna card are druggies.
Druggies are pathetic losers especially weed lovers. Yes weed has its place medically in some situations however, that's not the reality of most everyone going in a weed shop.
And the folks using anxiety as a reason to use weed daily are the biggest piece of shit the world has known.
Permanently Deleted