Whether For or Against Marijuana Legalization, Most American Voters Agree Cannabis Businesses Should Have Banking Access
Written by on September 14, 2022
It all boils down to the federal status of marijuana: since it’s still a Schedule 1 substance, banks will continue to refuse working with dispensaries and other cannabis businesses, making it impossible for them to allow customers to pay in credit card. Consumers are constantly looking for ways to pay through credit card but it isn’t the fault of dispensaries when they can’t. Federally regulated banks just cannot work with businesses involved with Schedule 1 substances.