Sun Jul 1, 2012, 05:46 PM

Starting today, MMJ providers are not able to use their VISA/MC credit card system.

I had to get cash from my ATM nearby to complete my transaction at Kind Love (a little pricey, but their stuff are tops)

They still take Discover, but that is supposed to end at the end of the month.

They told me they are looking into solutions involving debit cards.

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7 replies	Author	Time	Post
Starting today, MMJ providers are not able to use their VISA/MC credit card system. (Original post)	Woody Woodpecker	Jul 2012	OP
what is MMJ? n/t	KT2000	Jul 2012	#1
Medical Marijuana	Woody Woodpecker	Jul 2012	#3
MMJ?????	patricia92243	Jul 2012	#2
My Morning Jacket.....	Bennyboy	Jul 2012	#4
One would think	Politicalboi	Jul 2012	#5
What happened: Visa/Mastercard cut them off?	backscatter712	Jul 2012	#6
The main processor that normally handles this for MMJ dispensaries	Woody Woodpecker	Jul 2012	#7

Response to Woody Woodpecker (Original post)

Sun Jul 1, 2012, 05:54 PM

KT2000 (9,800 posts)

1. what is MMJ? n/t

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Response to KT2000 (Reply #1)

Sun Jul 1, 2012, 05:58 PM

Woody Woodpecker (562 posts)

3. Medical Marijuana

Colorado has an amendement to legalize marijuana that is up for a vote in November. It is Amendment 64.

http://www.regulatemarijuana.org/

The trend is now 61% for legalization.

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Response to Woody Woodpecker (Original post)

Sun Jul 1, 2012, 05:55 PM

patricia92243 (7,569 posts)

2. MMJ?????

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Response to patricia92243 (Reply #2)

Sun Jul 1, 2012, 06:01 PM

Bennyboy (9,118 posts)

4. My Morning Jacket.....

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Response to Woody Woodpecker (Original post)

Sun Jul 1, 2012, 06:11 PM

Politicalboi (9,649 posts)

5. One would think

That using CC, it would be easier to track the actual dollar made to be taxed. Can't they have ATM's in store? I know they have fee's, but if you need to do it right away, it's not a big problem. Maybe get inside vending machines. You look over the product at the counter, and make your purchase through the machine with cash, or CC.

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Response to Woody Woodpecker (Original post)

Wed Jul 4, 2012, 11:41 AM

backscatter712 (20,399 posts)

6. What happened: Visa/Mastercard cut them off?

Fuck that shit.

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Response to backscatter712 (Reply #6)

Wed Jul 4, 2012, 08:37 PM

Woody Woodpecker (562 posts)

7. The main processor that normally handles this for MMJ dispensaries

has decided to stop after warnings to a bank in Virginia to stop accepting and processing cash for MMJ disepnsaries following federal law.

Threats of RICO was made.

So they chickened out and stopped.

The cash only business model only creates trouble. The feds needs to remove cannabis from drug schedule.

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Colorado (Group)