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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09.17.2024
US glycerin prices rangebound amid market uncertainty
The US glycerin market remained rangebound in the week to Tuesday September 17, with prices for 80% crude and kosher crude glycerin steady to slightly higher. Biodiesel producers are...
09.17.2024
US animal fats and oils mostly stable; CWG edges higher on strong demand
The US animal fats and oils markets were stable to slightly higher on Tuesday September 17, with minimal trading as some sources cited “well-covered” positions for the month.
09.17.2024
US porcine, ruminant bloodmeal prices fall; USDA slightly raises forecast for GCAU count in 2024/25 [corrected]
Prices were rangebound for most items on the US animal proteins market on Tuesday September 17. The exceptions were bloodmeal in the Missouri River, Texas Panhandle and Indiana markets,...