Tag Archives: Secure and Fair Enforcement (SAFE) Banking Act

Mastercard Move at Cannabis Shops Intensifies Call for US Decriminalization

“An industry that employs hundreds of thousands of people, provides billions in economic benefits, and promotes safer alternatives to pharmaceuticals and commonplace vices continues to be treated like a pariah,” said one cannabis entrepreneur.

By Julia Conley. Published 7-28-2023 by Common Dreams

A recreational marijuana dispensary in Denver, Colorado Photo: My 420 Tours/Wikimedia Commons/CC

Cannabis reform advocates on Friday said a new decision by credit card company Mastercard illustrates why the substance must be decriminalized at the federal level to ensure that legal U.S. dispensaries are able to operate safely and securely.

The company announced this week that it has instructed U.S. financial institutions to stop allowing customers to use its debit cards to purchase marijuana products at cannabis stores, which now operate legally in 38 states for medicinal use and 23 states for recreational use, as well as in the District of Columbia.

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