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Colorado

Woody Woodpecker

(562 posts)

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

Reply to backscatter712 (Reply #6)

Wed Jul 4, 2012, 08:37 PM

Jul 2012

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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Highlight:

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