Denver Marijuana Company CS Compliance Systems Runs Into Trouble With Credit Cards
CS Compliance Systems ran into trouble this month over its ability to accept credits, even though the Denver-based consulting and technology firm doesn’t sell marijuana.
Merely working with cannabis dispensaries was enough for CS Compliance Systems to have its credit card processing privileges revoked by the merchant service provider it’s working with, operations manager Ryan Lewis said.
“It’s huge bump in the road” for growing the small company, Lewis said.
This situation is also a reminder of the strange financial spot the marijuana industry is currently in with banks and other companies that are hesitant to work with dispensaries and other marijuana-related businesses without a green light from the federal government.
“The frustrating thing is we don’t have anything to do with selling cannabis. If anything, we’re helping people follow the federal rules, but we’re being punished the same as they are,” Lewis said.
CS Compliance Systems planned to start accepting credit cards from...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
Follow us on Instagram
Connect with us on Linkedin