Mastercard Demands Merchants Steer Clear of Cannabis

Mastercard Demands Merchants Steer Clear of Cannabis

Late last month, MasterCard demanded U.S. based merchant services cease transactions for legal marijuana.  Nearly all legal cannabis dispensaries selling marijuana in states where it is legal rely solely on cash.  Most of them have their own debit machines in the store.

Some shops have been able to process Mastercard debit card payments by offering customers the option to utilize their PIN number.  With so many new dispensary businesses around the country, merchant services are struggling to keep up with who is selling what, and how. 

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02.04.2025

Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty

Chicago, Gulf animal fats and oils markets strengthen despite ongoing uncertainty

The US animal fats and oils markets were stable to higher on Tuesday February 4, as Chicago market activity saw a notable uptick throughout the day.

Six railcars...

02.04.2025

Light trade volume leaves most US animal protein prices flat

Light trade volume leaves most US animal protein prices flat

Light trade volume was reported in the US animal proteins markets for Tuesday February 4.

Ruminant meat and bonemeal, Missouri River, was reported as steady from Monday February...

02.04.2025

December US soybean crush, corn consumption up month on month

December US soybean crush, corn consumption up month on month

US soybean crush above monthly, yearly levels
Soybeans crushed for crude oil totaled 218 million bushels in December 2024, up by 7% from November and by 4% from...

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