Mastercard has told financial institutions to stop allowing marijuana transactions on its debit cards, dealing a blow to an industry already on the fringes of the financial system in the United States.
I only skimmed the article but it seemed US centric so I’d guess this is relevant to the US since it’s not legal federally there. I was worried for a moment since I use one for my orders in Canada. Though if for some reason does happen in Canada I’m sure there’ll still be some way to do online orders like with Interac or another company. Too much tax money collected for the Canadian government to just let an online revenue stream dry up from a credit lender.
That’s a very dumb business move, it might be illegal for then to do that in Canada
It should be illegal for a company to limit what you can purchase anywhere in the world.
Under the law, they literally have to limit transactions for illegal goods, otherwise they become complicit in that crime.
The real stupidity is that Marijuana is still illegal under federal law.
There’s nothing illegal about them blocking illegal purchases on their cards, of which the US federal government still considera marijuana illegal
Re read my comment
I only skimmed the article but it seemed US centric so I’d guess this is relevant to the US since it’s not legal federally there. I was worried for a moment since I use one for my orders in Canada. Though if for some reason does happen in Canada I’m sure there’ll still be some way to do online orders like with Interac or another company. Too much tax money collected for the Canadian government to just let an online revenue stream dry up from a credit lender.