[abfunders]

You are missing the point - A Branded Card (Visa-MasterCard-Discover-Amex) cannot be used to purchase any Illegal Product-Service.

While Visa & MC do not clearly reference Cannabis - since it continues to be Federally Illegal it is a BRAM Violation - BRAM (Business Risk Assessment and Mitigation) violation and ineligible for Mastercard & Visa Processing.

Amex specifically states that Cannabis is a Prohibited Product on page 66 of their Merchant Operating Agreement

MY point is that there is such a thing as compliance in the industry whether you like it or not. And if you can't beat it, join it. (The GOP failed at encouraging mail-in ballots for their voters, and see what happened?) Nobody's adopting Genie so long as there's a compliant way (on the debit rails at least) to do the processing with a POB cashless ATM.

[Yankeeman07]

MY point is that there is such a thing as compliance in the industry whether you like it or not. And if you can't beat it, join it. (The GOP failed at encouraging mail-in ballots for their voters, and see what happened?) Nobody's adopting Genie so long as there's a compliant way (on the debit rails at least) to do the processing with a POB cashless ATM.

POB Cashless ATM are not compliant - they are in place - BUT operators are constantly seeking new banks to connect their networks.

So far, only a few large processors have gone to prison, the writing merchant that falsifies the application and the merchant that signs that application,
nothing more than losing their merchant account.

Questions I always ask when I'm approached with the newest "Compliant Payment System" who is the Acquiring-Sponsoring Bank
and under what MCC are you Boarding Cannabis.

No one will ever provide that answer -