Customers still have to use cash to buy marijuana at dispensaries because the plant remains illegal in the eyes of the federal government. Citizens State Bank checks are accepted up to the bare minimum or the maximum insured amount. A dedicated team of CreditCards.com editors oversees the automated content production process from ideation to publication. Explore dispensaries in Southwest Michigan. Learn. Ohio marijuana card holders have repeatedly told The Dispatch, both on the record and in private . Exclusive | Ann Arbor, Kalamazoo & Grand Rapids Dispensaries The MAPS, which is a non-profit organization registered with the DEA, cultivates and studies Schedule I substances such as marijuana and psilocybin mushrooms. Dispensaries in MI can now offer customers the convenience of paying with credit cards. Lets face it theres a lot of jargon and high-level talk in the credit card industry. Customers can download the app on their Apple and Android devices, and deposit funds into the FDIC-insured platform using their card of choice. Transactions in the U.S. involving the purchase or trade of marijuana are not permitted on the Visa network, until such time as federal law allows, a Visa representative wrote in an email. Michigan Deals. Youll likely see a security guard at the door to let you in. Cashless ATMs allow dispensaries to accept debit card payments indirectly. Founder Kenneth Berke said in 2018 the company is rolling out a credit card function too, which would allow users to purchase marijuana at participating stores using only their credit card and a drivers license. ELITE WELLNESS is a recreational and medical cannabis retail store with locations in Michigan. However, the process of doing so is not quite as easy as most of us might like, and while marijuana consumption might be legal in your state, at a federal level it is still banned, and this creates some complications when it comes to making purchases. California) it might be legal to buy and sell marijuana, by federal law it is not. You will need to purchase your products with cash. Companies can only deposit a maximum of five deposits into their North Bay credit account. It has not been provided or commissioned by the credit card issuers. It is highly recommended to bring cash, as many dispensaries to not allow you to use a credit or debit card. SHOP ONLINE for marijuana flower, edibles, vaporizers, pre-rolls, and more. It is not possible for banks to fund CBD products because some are still illegal and prohibited. Recreational. If you are 21 years of age or older, youll need your drivers license or state-issued ID. See also: Dutchie Seeks To Become The Shopify For Cannabis With New e-Commerce Offering. Since 2004, The Transaction Group has been helping businesses throughout the world find the best credit card processing solutions for their specific needs. Flowhub website (Accessed 03/10/2022) PayBotic website (Accessed 03/10/2022) Cannabis Payment Processing (Accessed 03/10/2022) Bankcard International Group website. FAQs. If Southwest Michigan is where youll be visiting a dispensary for the first time, welcome! House of Dank Recreational Cannabis - Grand Rapids - Yelp Southwest Michigan grows a cornucopia of fruits, vegetables, herbs and flowers. If you apply for a credit card, the lender may use a different credit score when considering your application for credit. No, weed dispensaries do not take insurance. Best Marijuana Merchant Accounts | Expert & User Reviews We're growing strains found nowhere else in the world. The cannabis industry is a new concept for the credit union, which is one of the first to serve it. With this, marijuana businesses will be able to raise the funds needed to expand and grow. Thats when then-U.S. Attorney General Jeff Sessions issued a memo tossing out the Cole Memorandum, an Obama-era policy that gave the marijuana industry a significant degree of shelter from prosecutorial zeal. Together with one of our major U.S. banking partners. The state of Washington, which legalized recreational marijuana in 2012, has licensed only two money transmitters for the marijuana industry as of 2018: PayQwick and another company called Posabit. We are genuinely passionate about the plant. Are Credit and Debit Cards Accepted at Cannabis Dispensaries? Now, you can find recreational and medicinal marijuana stores (dispensaries) in twenty-nine of the fifty states where you can legally purchase marijuana. If you are used to purchasing cannabis products, you likely know what you want. Terpene Guide. (989) 448-4859. You cannot use a credit card because recreational cannabis consumption is still federally illegal, and your bank will flag the purchase on a card. Instead, Sessions said, future prosecutions should be left to the discretion of individual U.S. attorneys. However, there are things coming into play that will alter this issue for the future, we will discuss what this loophole is later though. All Rights Reserved. In some states, dispensaries may be required to track how much weed you buy. Now that Sessions is no longer attorney general, his memo might not be followed under the leadership of Attorney General William Barr. This is what makes us different from the other dispensaries in Monroe. 25% tax on cannabis products with 35% THC or more. Just follow the Makers Trail. Half our focus is growing really good weed consistently. . 4 Top Cannabis Payment Processing Companies 2023 - Merchant Maverick In Michigan, the majority of cannabis sales are made up of men, 40% of men and 60% of women. The workaround? You will also need cash with you to make purchases. CreditCards.com is an independent, advertising-supported comparison service. ADVERTISER DISCLOSURE CreditCards.com is an independent, advertising-supported comparison service. Cannabis Dispensaries That Take Credit Cards - DANK - Denver