People who use their Mastercards to buy weed might soon be out of luck. The credit card company has reportedly issued cease-and-desist letters to payment processors last week.
While recreational marijuana is legal in many states, the continued ban on cannabis at the federal level means that weed sales still exist on the fringes of the economy.
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Many banks will not work with legal mairjuana distributors, and now Mastercard is attempting to sever any links to the industry, according to Reuters.
The company issued a statement on Wednesday, making it clear that they did not approve of their products being involved in marijuana purchases.
“As we were made aware of this matter, we quickly investigated it. In accordance with our policies, we instructed the financial institutions that offer payment services to cannabis merchants and connects them to Mastercard to terminate the activity,” the company said, according to Reuters.