I think that a cursory search for banking and cannabis will reveal the pressure ... | Hacker News

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		mmastrac on Oct 11, 2021 \| parent \| context \| favorite \| on: Credit-card firms are becoming reluctant regulator... I think that a cursory search for banking and cannabis will reveal the pressure the US government puts on this industry. Banking for cannabis is much easier in canada. You can purchase weed with a Visa no problem.

JumpCrisscross on Oct 11, 2021 [–]

> the pressure the US government puts on this industry

Sure. But OP mentioned the U.S. government "currently blocking transactions" from cannabis businesses.

sojournerc on Oct 11, 2021 | [–]

AFAIK, a bank could lose their FDIC backing (Federal deposit insurance) if they support cannabis transactions.

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