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Mastercard’s Cease-and-Desist Letters Halt Cannabis Debit Card Transactions

July 26, 2023
Mastercard has told payment processors and banks to stop allowing marijuana transactions on its debit cards. Following cease-and-desist letters sent by Mastercard last week, companies that facilitated PIN debit payments for cannabis have been attempting to provide alternatives to the dispensaries that were using them, Bloomberg reported Wednesday (July 26). A spokesperson for Mastercard told Bloomberg: “As […]