[hn_throwaway_99]

Point being, the large credit card networks, and more importantly, any FDIC insured bank, will not deal with cannabis funds.

There are a number of workarounds (Colorado credit unions being a notable one), and fintechs like the ones described in the article you linked trying to provide card solutions, but they're still all locked out of the "normal" US banking system.

[chasebank]

"and more importantly, any FDIC insured bank, will not deal with cannabis funds."

This is patently false. My close friend runs a $75M/yr wholesale distribution op out of Carpinteria, Ca, called Headwaters. He has multiple FDIC banking relationships for his business.

[hn_throwaway_99]

Thanks, I stand corrected, looks like some smaller regional banks will accept cannabis businesses: https://flowhub.com/learn/cannabis-dispensary-bank-account