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by JumpCrisscross 1706 days ago
> the government currently blocking transactions from semi-legal industries that should be legal (cannabis)

What does this refer to?

1 comments

I think that a cursory search for banking and cannabis will reveal the pressure the US government puts on this industry. Banking for cannabis is much easier in canada. You can purchase weed with a Visa no problem.
> the pressure the US government puts on this industry

Sure. But OP mentioned the U.S. government "currently blocking transactions" from cannabis businesses.

AFAIK, a bank could lose their FDIC backing (Federal deposit insurance) if they support cannabis transactions.