[skideeppow]

Living in CO I had a lot of experience with getting some set up for processing. Their are a number of problems.
1. No bank located in the US will open and account for an MMJ operation. Now, that is not to say that the MMJ can disguise what they are doing, but if the bank gets wind of it, they will shut it down. Because banks are federally insured, any boarded of an MMJ facility puts that bank in jeoporady of losing its insurance.

There are also huge laundering issues with this. Because funds are crossing state lines. I opened a few MA but V/MC shut them down a few months later.

I also put in a few cashless ATM's there.

[Sean Cash]

Living in CO I had a lot of experience with getting some set up for processing. Their are a number of problems.
1. No bank located in the US will open and account for an MMJ operation. Now, that is not to say that the MMJ can disguise what they are doing, but if the bank gets wind of it, they will shut it down. Because banks are federally insured, any boarded of an MMJ facility puts that bank in jeoporady of losing its insurance.

There are also huge laundering issues with this. Because funds are crossing state lines. I opened a few MA but V/MC shut them down a few months later.

I also put in a few cashless ATM's there.

This is the kind of response I expected to hear. Sounds like this industry is really not worth getting involved in financially.