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.
  • BraveSirZaphod@kbin.social
    3·
    11 months ago

    It’s still a non-trivial legal liability that any major company would prefer to not have.

    If you could spend $1 to eliminate a 1% chance that you’re going to be arrested, you’re probably gonna take it.

    • blazera@kbin.social
      1·
      11 months ago

      You think they’re gonna go arrest John Mastercard because someone bought recreational marijuana from a vendor in a legal state?

      • BraveSirZaphod@kbin.social
        1·
        11 months ago

        I think a risk-averse corporation may decide that it’s not worth bothering with.

        At any rate, it’s their own pockets they’re hurting.

        • blazera@kbin.social
          1·
          11 months ago

          no, payment processors blocking transactions for your business is definitely hurting more pockets than their own.