U.S. Bank Tells Alaska MJ Agency No Credit Card Payments

420Patients.com is accepting qualified medical marijuana patients and caregivers to join our network. We value every registered member and we hope to serve you in Arizona. This article brought to you by 420 community friends mmjbusinessdaily.com

One of the nation’s largest banks has told Alaska’s Alcohol & Marijuana Control Office it can no longer accept credit card payments for marijuana licenses, a move that will no doubt crimp cannabis entrepreneurs trying to reduce their reliance on cash.

U.S. Bank didn’t go into details about the reasoning behind its decision, the Alaska Journal of Commerce reported, noting only that marijuana is illegal in the eyes of the federal government.

“Although legalized in many states, marijuana remains illegal under federal law,” the bank said in a statement, according to the Alaska Journal of Commerce.

“As a

U.S. Bank Tells Alaska MJ Agency No Credit Card Payments is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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