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Nevada Marijuana Dispensary Uses Food Trucks To Sidestep Cards Regs

PYMNTS

No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging customers’ credit cards. Experts on dispensaries say such labeling is the only way to get around federal banking regulations. Blüm representatives declined to comment, the report said.

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Reimagine your business in the era of AI at Think 2018

Insights on Business

Faced with massively escalating data volumes, exponentially growing regulatory requirements, legacy risk and IT systems that just aren’t up to the new reality and increasing market pressure to improve performance, something has to change. Think is the event where the problems of tomorrow meet the minds of today.

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Can Legal Pot Thrive With Closed-Loop Payments?

PYMNTS

Governor Steve Sisolak (D-NV) has authorized what The Associated Press called a “limited marijuana banking system” for the state, a tourist mecca where recreational cannabis is legal. The bill authorizing the program, AB466 , gives an operational time frame for the program, running from Oct. Three-Year Pilot. population. Sales Growth.

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