Mastercard Move at Cannabis Shops Intensifies Call for US Decriminalization
Mastercard Move at Cannabis Shops Intensifies Call for US Decriminalization
"An industry that employs hundreds of thousands of people, provides billions in economic benefits, and promotes safer alternatives to pharmaceuticals and commonplace vices continues to be treated like a pariah," said one cannabis entrepreneur.
Mastercard's recent decision to prohibit the use of its debit cards at cannabis dispensaries highlights the challenges facing the legal marijuana industry. While the SAFE Banking Act would protect banks that work with cannabis businesses, it would not address the underlying issue of marijuana's federal illegality which was Mastercard's stated reason for the policy change. Advocates argue that comprehensive federal cannabis reform through decriminalization and legalization is ultimately needed to resolve these financial and banking issues plaguing the legal marijuana industry. Mastercard's move demonstrates that piecemeal reforms are insufficient and that full federal decriminalization is the only sustainable solution.
I hope in my lifetime we will see federal decriminalization. Enough already!
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legality hasnt stopped them from refusing to process payments for pornhub.
All of the porn on pornhub now is from verified sources since they forced mindgeek to purge all of their unverified content (to keep them as payment processors)
Nothing wrong with taking money from porn now that they strong armed pornhub into doing what it wanted
They still dont process payments.
This is also why Tumblr maintains it's ban on porn, Visa and Mastercard exclusively process their own cards, and wield that as a weapon against what they don't like.