cannabis sales

Less US Cannabis Restrictions Could Ease Sector’s Fragmented Payments System
Less US Cannabis Restrictions Could Ease Sector’s Fragmented Payments System
August 30, 2023  |  Regulation

In a significant development for the cannabis industry, U.S. health officials have recommended easing restrictions on cannabis and reclassifying it as a Schedule III drug...

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Mastercard’s Cease-and-Desist Letters Halt Cannabis Debit Card Transactions
Mastercard’s Cease-and-Desist Letters Halt Cannabis Debit Card Transactions
July 26, 2023  |  Mastercard

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...

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Colorado Smokes Up $120M In Cannabis Sales In November
Colorado Smokes Up $120M In Cannabis Sales In November
January 12, 2018  |  Regulation

Consumer interest in cannabis continues to rise in Colorado, where marijuana shops saw an increase of nearly 10 percent in sales between 2016 and 2017,...

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