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Cannabis Credit Card Processing | Beware of Marijuana Banking Scams

May 31, 2018

As the cannabis industry continues to grow in the United States, so does its propensity to get caught up in scams. Since it’s not federally legal, the cannabis industry is strictly a cash business. This puts an unnecessary target on their back from people looking to steal from them. As the legalization of marijuana continues[...]

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CBD Credit Card Processing on Shopify: What To Do Next?

May 29, 2018

In March 2018, Shopify announced that they are no longer integrating with NMI gateway, which is a preferred gateway by several high-risk credit card processors, specifically processors that provide service to CBD merchants. This is a Shopify issue, not an NMI nor credit card processor issue. In addition, Shopify has been closing down a number[...]

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Marijuana Banking Solutions | Why Cannabis Companies Can’t Use Banks

May 15, 2018

Marijuana is both recreationally and medically legal in eight states in the United States. It’s medically legal in more than a dozen other states. The state treasury in California, one of the states where it is both medically and recreationally legal, estimates that sales in 2018 will reach $7 billion making marijuana banking solutions imperative.[...]

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New bill introduced in Congress: for research on Medical uses of Marijuana by VA

May 3, 2018

A new bill was officially presented to Congress on April 16th by the legislation’s authors Rep. Tim Walz and Rep. Phil Roe, HR5520, or the VA Medicinal Cannabis Research Act. If passed, the bill would instruct the federal agency Veterans Affairs to, “conduct and support research relating to the efficacy and safety of forms of[...]

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