How does the prohibition against cannabis really end? While most people focus on changing cannabis’ deeply unfair Schedule 1 classification, there is another key problem that must be resolved before the stigma surrounding cannabis can fall away. That’s about the money… and why otherwise completely legitimate businesses are still routinely denied bank accounts and credit card processing.
And it’s getting worse before it’s getting better. This April, Elavon, one of the principal credit card processors for CBD products, suddenly shut their doors – and left a whole industry in the lurch.