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01-05-2021, 12:56 PM #1
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
I'm very familiar with Trulieve since I have family that is a store manager. They still deal with a huge amount of cash.
All of these lawsuits have a common theme - someone, somewhere falsified information.
https://www.leafly.com/news/industry...enly-shut-down
https://www.alt36.com/blog/point-of-...nabis-industry
https://medium.com/@ken.ramirez/are-...s-c2f4ad62bab3
https://www.greenmarketreport.com/pr...-move-forward/
https://www.law360.com/articles/1330...redit-card-rowDave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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01-05-2021, 01:37 PM #2
- Join Date
- Feb 2017
- Posts
- 3,450
Dave, it's called a cashless ATM, nobody has to falsify anything. You refuse to believe that it's legal or legit, and you're leaving money on the table. Meanwhile, I have a merchant doing $50,000 monthly in his low months on the platform (and hopefully $500,000 in his high months) and got him free terminals.
Why do you believe Ken Ramirez?Last edited by abfunders; 01-05-2021 at 01:40 PM.
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01-05-2021, 02:24 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
Cashless ATM's get shut down quite often. It has nothing to do with Ken Ramirez article - There are many reasons cannabis accounts with the so-called work arounds are being shut down.
It is the FDA/FTC/SEC that can cause an operation to be shutdown , thereby creating a charge-back issue or funds being held, bank accounts being closed, etc.
There is still too much uncertainty within the industry and operators not knowing or just ignoring laws.
https://www.law.com/njlawjournal/202...20210005141110
https://www.ftc.gov/system/files/doc...astatement.pdf
https://www.sec.gov/news/press-release/2020-14
https://www.sec.gov/litigation/litre...20/lr24857.htmDave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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