- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
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fuck debit itself no more losing money
I hope people remember these companies and politicians who attempted to blockade Cannabis businesses when it is invariably made federally legal. They will more than likely never face the consequences of their stupidity while they turn a blind eye to armed robberies that are specifically caused by these policies yet get fat on the tax revenue regardless.
The idea that we need to plead fealty to these degenerates to get them to take common sense approaches to issues that the majority of the voter base has agreed on for a decade is ridiculous. No matter how anybody personally feels about Cannabis consumption it never has and never will go away. Prohibition doesn’t work, and attempting to legislate other peoples ethics is a losing gambit.
these companies
How is complying with current law, attempting to blockade Cannabis Businesses?
An Unjust Law Is No Law At All: Excerpts from “Letter from Birmingham Jail”
laws have chilling effects on behaviors this is patently obvious otherwise we wouldn’t have a need for legal codes.
Thats cool and all, but fight about it with the federal government, not individual companies…
They won’t. People are dumb as hell and have extremely short memories.
Kinda an incendiary headline when it’s just Mastercard complying with the law. From the article: “The federal government considers cannabis sales illegal, so these purchases are not allowed on our systems,” Really the issue is that Marijuana should be legal at the federal level.
Yet it stays illegal because of conservative boomers and their fucking grand kids.
When polled, majorities are in support of legalization. If people would show up to vote more than once every 4 years we could make some actual progress on this issue. But since at least half of registered voters sit out every race, well here we are.
Worth noting that even some conservatives support legalization!
It’s too bad those conservatives who do support it are the same people who vote against all of their own interests constantly.
The current president can reschedule marijuana. He won’t. He claims not to be conservative, but I’m not convinced.
He’s neither he’s a puppet whose only purpose is to get re-elected ATM.
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Then why isn’t Mastercard calling for that to happen?
Because they, as a corporate entity, don’t want to mess around with the law over something that won’t personally affect their bottom line in a massively positive manner.
I would personally love if ALL businesses stayed the fuck out of politics. Thank you.
And yet I bet I can buy mortgaged backed securities with a MasterCard
And yet I bet I can buy mortgaged backed securities
AND shares in pot companies. How fucking illegal. Maybe the federal government can stop these pot companies from being traded openly considering how illegal it is.
Nah maybe the federal government can stop sucking off Goldman Sachs cock and start looking after the people who it claims to represent and who are paying taxes.
Not surprising. Well, cash still exists, right? Or Monero…
I’ve paid cash for weed for years. Still not legal here but that hasn’t stopped me.
I used to pay cash for weed. I still do, but I used to, too.
Time to change lines of business. “We’re a taco shop, but you can buy weed here in compliamce with local laws. Sorry if you receipt just says TACOS no matter what you buy. We’re working on that.”
Basically what dispensaries in Washington, DC do. Everything is a “donation” or an “art purchase” and the pot is a “gift”. Total nonsense, but it mostly works, because DC intends to legalize recreational marijuana sales, and Congress isn’t letting it happen. So it seems like enforcement is just lax.
The states regulate weed shops so that would be highly improbable.
I didn’t mean to say it would be legal, haha.
I’m just suspicious that there’s gonna be a lot of “accidentally” misconfigured Mastercard terminals in the near future.
What has worked in some states is the ‘gift pot’ strategy. You sell them a vastly overpriced taco and they get a gift of weed along with the snack. Generally the states get upset about this and close the loophole.
So real talk, VISA isn’t much better - if you have a business selling tobacco, cannabis, or firearm related products you have a really hard time taking payments online. Most big vendors (like Paypal, Square, etc) won’t work with you once you hit $5k to $10k a year in sales (for small businesses starting out you’ll slip by for a few months until you grow big enough to get manually audited).
Then you need to find special card processing banks who are approved by VISA to work with tobacco/firearm companies and go through all sorts of review before your store will be approved for processing payments.
And that’s just selling hardware like pipes and accessories. I’m not even talking about the raw material itself.
This sucks, but it won’t stop anyone, they’ll simply switch to another service. I bet VISA’s stock will pop tomorrow because of this news if it hasn’t already haha
This really isn’t that big of a deal anyways. Just deploy an ATM inside the shop as a courtesy. Bonus points if it’s a nice machine that can give customers amounts in increments as little as $5.
Since your business has cash as it’s main method of payment; it should be fairly simple to keep said ATM stocked up.
This at least would be the cheeky way to get around restrictions.
Lol I’m not talking about dispensary businesses. I’m talking about online shops selling hardware like glass pipes and stuff. It’s dumb, but it affects many small businesses in the USA.
Sadly there is no simple way to install a virtual ATM for payments on an online store
The messed up part is that while you can’t do tobacco product sales using Paypal in the USA, if you’re outside the USA paypal will totally take your business. As I’ve been told directly from Paypal’s representatives - they want our business, but it’s VISA putting down the rules about what merchant services can work with tobacco/firearm/cannabis sales - and there aren’t many in the country (Paypal, Square, etc are not on that list).
The hardware isn’t illegal at any level, so it doesn’t really affect headshops. Just dispensaries that sell cannabis itself; because cannabis is still federally outlawed.
What about for delivery?
I highly doubt any sensible dispensary delivers their product! For obvious legal reasons, no, you have to go to their physical location and buy their product physically in-store so that they can make sure you’re:
- Not two kids in a trench coat.
- Not otherwise forbidden from buying cannabis by state law.
- Not all cracked out.
- Not buying in bulk amounts so that you can give/sell that good shit out to all your friends
- Not a Federal Bikini Inspector or a Constantly Interjecting Asshole working with the Dipshits Eating Assoles who’s sole mission is to ruin everything for everyone
- Obeying the laws of the state while buying the goods
Uh, I pretty much only order delivery in California. They just check your ID at the door, same as with alcohol delivery.
Oh, a vampire; so no devils weed for you unless you ride out after sunset. :p
The way the dispensaries around me handle it is that they just do a cash withdrawal at the register as if I was using an ATM, so I pay the store in cash and the bank just sees it as getting cash back.
Can you buy medicine from the pharmacy with online payment? Could not these products all process under that payment system?
Cannabis? Oh man we can’t break the law. Better not chance it.
Some weird Bitcoin mortgage backed security being bought by Goldman Sachs to resell to their pension holders? Oh so good.
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Mastercard doesn’t give a crap about weed, and aren’t trying to control anything. They don’t want to be a part of federally illegal transactions. They want to follow the law, because they’re a big business and it’s dangerous not to. This is simple a result of the fact that weed is federally illegal - any other move on mastercard’s part would be irresponsible at this time.
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Mastercard is a payment processing company that processes both credit and debit card purchases. They don’t actually issue any payment cards themselves, they just want to make sure they aren’t processing payments that break federal law.
Credit Cards were introduced in 1950, 73 years ago. Retail stores and oil companies were issuing limited credit cards during the 1920s
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The first actual credit card was The Diners Club Card in 1950. American Express arrived in 1958. How we use them today was really introduced in the 1990s though.
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Take a deep breath mate, no reason to get so worked up. Pretty sure both of you guys mostly agree with each other, just getting caught up in semantics at this point. Give each other a break :)
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you unbearably smug cunt.
Hey there, buddy. It’s ok. People are allowed give unsolicited opinions on the internet. No one is trying to hurt you.
NOBODY ASKED
Then maybe you shouldn’t fart your opinions out into the open Internet?
If you think about it, do you really want a history of federal crimes recorded on your bank account…?
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I don’t live in the US… but if at a certain time the federal government decides to go backwards and wants to charge cannabis purchasers with federal crimes then you’re ready to be served up on a platter by your bank.
The context here is payment method, not your willingness to support legal cannabis dispensers.
That would be a pretty big list of people at this point. I don’t think it would even be possible to charge all of them. It’s just unrealistic especially since it’s legal in the state. Possible but unlikely.
You say that, but historically cannabis related charges in particular have been used to target specific parts of the population and individuals. It’s the sort of thing that could be exploited nefariously at a convenient moment. Perhaps I’m reading too much in to it.
Agree. Which is why if the federal government decides to put a clamp down on cannabis use, they’re not going to prosecute thousands of users. Prosecuting three or four card payment processing companies and the banks they do business with would have an icy cold chilling effect and bring the industry’s cash flows to a dead stop.
It could be used to target-prosecute political enemies and “unpopular elements” like police/climate protestors.
Really we just need federal legalization.
I disagree. The federal government has shown every willingness to go after all of us. Imagine a 1000 dollar fine for every pot transaction. You can fight it if you want but that would risk criminal charges. So you take the plea deal.
What if dozens/hundreds of individuals were prosecuted for possession of a controlled substance because the DEA a) subpoenas the suppliers to get a list of transactions and B) subpoenas the credit card processors to get info on customers?
Because that’s the fear
This is extremely unlikely under the current admin, but we may very well have a far more hostile admin in just under 18 months
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You’d make sure to register your company financially in a way that doesn’t specify the business right?
Is obfuscating what your officially registered business fundamentally really possible? Not going to pass muster legally.
Don’t lots of adult goods companies already do this to avoid it saying “big dildos.com” or the like on people’s statements?
Right, but that’s for your personal privacy, not your legal protection. If a weed company calls itself Cheshire Garden Supplies instead of Weed Weedersons Weed Emporium then that doesn’t stop the fact that you bought stuff from a weed dispensary from being a federal crime if push comes to shove. All I’m saying is that cash seems the naturally more sensible option either way.
ITT: Plenty of people who don’t understand how federal vs state laws work in regards to federally regulated businesses
ITT: plenty of people who don’t remember 2007 or 2020. Financial forms obey the rules that they want to when they want to. The federal government works for them, not the other way around.
This has nothing to do with the law this is MasterCard deciding to not go after that market.
No dispensary here accepts anything but cash because of the legalities anyway
Not just in Canada, I know that exists in the USA as well
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Can’t cut up my FSA card.
It’s not MasterCard’s fault, it’s the federal regulations against marijuana that make it illegal for MasterCard to process these payments. Blame the federal government, specifically the DEA who’ve become their own legislators and enforcers (they’ve usurped the original checks and balances of the Controlled Substances Act, it’s pretty fucked up actually).
Bottom line: War on drugs has been a catastrophic failure of epic proportions and yet we haven’t gutted and dismantled the sole agency that’s gotten fat off of it and operates with barely any oversight.
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Oh don’t get me wrong, they’re an evil company like the rest of their ilk. I was just clarifying that in this specific context, they’re not the ones at fault for once.
There should be a law prohibiting these payment companies to be picky when it comes to legal transactions.
I agree on a level, but interstate commerce laws mean that these institutions are held by federal regulation to not accept these payments. As others here have said, the real issue is marijuana needs to just be legalized on the fed level. Then this wouldn’t be an issue.
Unfortunately, these are illegal according to the federal government, which regulates these financial institutions
Cough “regulates” cough
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most (all?) shops in CA run debit transactions as ATM withdraws anyway
Which is why in a lot of dispos across the country youll get change back after using your card.
Not just Canada, I know that also happens in the USA at some shops
This is sort of off topic but the constraints credit card companies put on porn is ridiculous. Cannabis, sadly, is illegal federally. Porn is legal everywhere in the country.
I’d very much support legislation that required payment processors to not discriminate against any firm provided the business transaction is legal.
Seriously! I have an extremely specific fetish that has been fucked up multiple times by credit card companies.
Part of the problem here is that marijuana is federally illegal and this opens processors to a lot of potential risk
Also, processors definitely do not want restrictions on what they can process. That’s all via public demand and legislation.
What risk? You can’t arrest a financial bro unless they steal from the rich.
They might insofar as companies all become pro-regulation once they get big because it raises the barriers to entry for potential competition.
But absolutely, a lot of the problem are people who think “Oh that fetish is gross, therefore it should be restricted!” No. It’s gross to you so don’t watch videos of it.
