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Business Wars Daily

Card Processors' Cannabis Crackdown

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 9 August 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

Today is Wednesday, August 9, and we're looking at MasterCard vs. Visa.

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Transcript

Click on a timestamp to play from that location

0:00.0

Wonderly Plus subscribers can listen to Business Wars daily ad-free right now.

0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

How do I cope with waiting for results?

0:11.6

It's all I can think about.

0:13.5

Is the cancer going to come back?

0:16.0

I can't sleep.

0:17.6

How do I stop worrying?

0:19.5

We know what goes through your head when you're living with

0:21.7

cancer. The questions, the anxieties. We understand because we've been there too. If you or

0:27.9

someone you care about has been diagnosed with cancer, McMillan Cancer supports online community

0:32.9

can help from day one. It's a free, safe, online forum for people with cancer to connect anonymously.

0:39.8

No question is too big or too small. With over 80,000 members, we get it. We've been there.

0:46.3

Whatever you need to ask, we're here. To join, search McMillan online community.

1:05.6

Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this Wednesday, August 9th.

1:10.9

For those keeping track at home, more than half of U.S. states and the District of Columbia

1:14.9

have legalized cannabis for medical or recreational use. In many of these states, you can walk into a

1:20.4

dispensary where a bud tender will teach you about the various types of weed and which one might

1:26.2

be best suited for you. It's kind of like

1:28.8

going to the butcher shop or the bakery, but there's one big difference. In one place, you can use

1:33.2

your credit card. In another, you most often can't. Reason is that while weed becomes legal in

1:40.2

more states, it's still illegal at the federal level. So major credit card processors like

1:45.3

Visa and MasterCard, which are highly regulated, still won't allow cannabis purchases for fear of

...

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