I supposed you are aware that the use of marijuana is illegal in many countries because it leads to addiction, and because of this, various crimes may happen that alarm the public. Though some states where it is legally used have shops where you are allowed to buy this either for medical or recreational purposes. They may accept cash and they also have cashless transactions made with ATM dispensaries – visit https://www.greenstaratm.com to know more about their product and services.
Why do you think they have such machines for cashless transactions when cannabis users and buyers can give their payments directly? Well, you should know that these marijuana supply shops are business and even when this is legally operating, the owners may have issues when it comes to the banks. Let’s say that most of them do not like to get involved with transactions related to cannabis because of the status of this product in different states or countries.
This means that if you are selling these products either fresh or customized, you will have to use ATMs for such payments. In my opinion, this is a better method than receiving cash so that the seller will be safer because robbery may happen at any time. As for the use and installation of machines, you have to deal with the providers and make sure that no laws in the country are violated to prevent any inconveniences.
Why did they call this a disguise?
You might be wondering why these cashless ATMs – click this for more details; that are installed in most marijuana stores are forms of disguise because the banks hesitated to transact with them. This industry is full of legal issues that’s why everybody is being careful when it comes to handling finances. Anytime someone may just come and sue us for money laundering or any crime related to selling marijuana so we should try to understand why this is a big concern.
Through cashless ATMs, sales will be possible among cannabis dispensaries because payments and withdrawals are possible but I guess the intention was taken wrongly. In my opinion, the sellers are just trying their best to operate the business as their source of income and there’s nothing wrong with that. Another thing, if cannabis is legal in the country then why would banks ignore business with them?
Therefore, there is no reason for any establishment to call these transactions a disguise since no one is forced or harrassed to make purchases. If banks are always thinking about the status of marijuana in the country, then how can the small farmers and distributors of these products deal with the situation? I guess if the suppliers will not be given a chance in the industry, then individuals taking this for medical purposes will be affected and that is what the law or authority must consider.
Banks and Cannabis Dispensaries
There is an issue between the dispensaries of marijuana products and local banks so doing business together is quite impossible due to legal concerns. But again, some states already legalized this, especially for medical use. So is there still a problem with the bank?
The way I see things, banks are just being cautious because some states don’t allow this product. So there is fear of anti-money laundering laws which they think would be violated due to the proceeds when dealing with marijuana-related businesses. That’s why they don’t accept dispensaries or any financial transactions.
Cash or Cashless Payments
Some shops continue to accept cash payments, while others were able to find ATM providers for cashless transactions. In my opinion, the sellers can choose any mode of payment available that would be more convenient for the consumers. I supposed everyone’s safety must be considered here so it does not matter how you’ll pay for your purchases.
Keep in mind that even a convenience store can be robbed in a broad daylight and these bad guys will not leave the ATMs behind since there’s money on them. So to be safer, I’d rather choose the advantage of using cashless transactions, instead of carrying as much cash in my pocket. These robbers may take my card away, but they cannot use this in any way since they have no access to it.