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Mastercard demands US cannabis shops stop accepting debit cards (www.bbc.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 1 year ago (1 children)

I'm not sure Mastercard can easily win a suit by the DOJ over enabling Schedule I drug transactions.

[–] [email protected] 2 points 1 year ago (1 children)

It's not like the DOJ would put anyone in jail. They would get fined and then move on with their fucking day.

[–] [email protected] 4 points 1 year ago (1 children)

They could lose millions and third party payment processors would potentially cut ties with them. It could literally tank their entire business. Don't get me wrong. I wish weed was legal and I also wish there wasn't financial pressure from banks and lending institutions to blackball the weed industry, but if there is any industry that is going to stick strictly to federal law, it's the financial sector. I don't think they have anything against weed, I think they have something against loosing millions of dollars.

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago)

I think you really overestimate how hard the US government is willing to go against rich private corporations, no matter what they do.

Norfolk Southern got complete control of the situation when they derailed a train with toxic chemicals in a small Ohio town. Their losses have not been catastrophic to the company, they're still chugging along.

And they poisoned an entire town of people! Feds slapped em on the wrist and moved on.