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01-05-2021, 02:24 PM #12
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,952
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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