There are few
times when we are reporting on places where you cannot use your
credit card, but as it so happens, credit card processors are cutting off their services to California medical marijuana dispensaries. They
have been under pressure from the federal government for awhile, but
they officially stopped processing payments after Sunday, July 1.
Before going
further, My Credit Specialist does not take an official stance on
medical marijuana. Our interest in this story is merely how it
affects the American consumer and credit card usage. That being said,
what does this mean for people who use medicinal marijuana? Well,
they will have to pay for their cannabis entirely in cash which
activists claim will make patients a target for thieves. Besides
that, the federal government is interfering in statewide laws, making
it clear that medicinal marijuana will not be respected as a state's
issue. The biggest problem is that this action sets a precedent that
the federal government can kill a good or service by putting pressure
on the credit card processors. An overly zealous federal government
could bring about a second prohibition or discourage consumers from
purchasing a good or service by making it cash-only.
We are curious
what our readers think about this issue. Do you think the federal
government is right to discourage marijuana usage, or are they infringing on
state's rights and credit card processors' freedoms? Leave a comment
below and tell us what you think! You can keep up with the latest
news from My Credit Specialist by liking My Credit Specialist on Facebook and following My Credit Specialist on Twitter. Also, go to
http://www.mycreditspecialist.com
to learn more about the credit restoration process and whether it is
the right choice for you!
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