Unless your business has connected with one of those agile, small banks or credit unions brave enough to risk punishment under the feds’ Controlled Substances Act, you’re predictably upset over your payment and banking options.
Payments Journal
- According to Experian, 70% of consumers prefer spending with a card over cash.
- In a 2019 white paper called The Public Benefits of Banking Cannabis Businesses the American Banking association says, “Cannabis businesses are increasingly targeted by criminals due to the vast amounts of cash they handle.” Nothing in recent events has changed that take.
