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662 points JacobHenner | 2 comments | | HN request time: 1.897s | source
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mannyv ◴[] No.40214223[source]
One major effect of this is that weed stores will be able to use banks and payment processors legally once the regulators catch up.
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bregma ◴[] No.40215094[source]
That's so sad.

Here in Ontario Canada I can walk into a local neighbourhood cannabis store (one of many on every block, it seems) and make a purchase using my debit or credit card. I'm not sure if any of them even keep a cash float although I imagine they must, just in case granny comes in "for medicinal use". Alternatively, I could just go to the government-run web store and get home delivery through Canada Post at no extra charge.

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oooyay ◴[] No.40215155[source]
You can in the U.S. too. For instance, in Portland we have a neighborhood shop and you can use a debit card there because each transaction is classified as an ATM transaction. All the ban ever did was making accounting and reporting more complicated, it didn't stop state legal sales or transactions.
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1. pempem ◴[] No.40216367[source]
Extended banking services are difficult. Finding a fdic insured bank that will do business with a dispensary is hard. The business, esp those that aren't already multinational or national conglomerates with enormous amounts of cash

This is really exciting to see.

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2. singleshot_ ◴[] No.40217605[source]
Will US Bankruptcy Court deal with a debtor that sells weed?