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ReadersSpeak

Will cannabis merchants come In 2019 and 2020, we published a number of articles on
out of the shadows now? payment processing for the cannabis market, as follows:

I've heard the new presidential admin- • "Legal pot sales: a billion-dollar opportunity," by Max
istration may push to legalize or at least Miller, published Dec. 28, 2020, issue 20:12:02
de-criminalize marijuana. This would • "Cannabis dispensary support amid COVID-19 and
simplify things greatly for cannabis merchants' payment beyond," by Max Miller, published May 11, 2020, issue
processing. But it doesn't appear there are many options 20:05:01
for agents looking to serve this market. What can you tell • "Ecmmerce opportunities abound in cannabis market,"
me about the current status and prospects for the cannabis by Max Miller, published March 9, 2020, issue 20:03:01
market right now.
Roy Graham • "Outlook brightens for cannabis banking," by Patti
Merchant Level Salesperson Murphy, published Nov. 25, 2019, issue 19:11:02
Roy,
Another good resource is the MLS Forum, which MLSs
Thank you for your question about prospects in the can join after registering on our website, www.greensheet.
cannabis sphere. Right now, the page listing priorities com. A recent thread in the forum titled "Processing for
for the Biden-Harris administration, www.whitehouse. Mary Jane" discusses current issues MLSs are facing.
gov/priorities, doesn't mention cannabis. On the list are
COVID-19, climate, racial equality, the economy, health Thanks again for your question, and good luck to you.
care, immigration, and America's global standing. Given Editor
the pressing nature of those items, it's impossible to
predict when or if legislators to decriminalize or legalize What markets are for you in 2021?
marijuana will be introduced. So, the payments industry
will remain on uncertain ground when it comes to serving Do you want to explore a new market this year? Do you
have a promising vertical to recommend to your colleagues
cannabis retailers.
in the payments community? How about a new trend or
issue you want to discuss? We want to hear from you.
Please get in touch at greensheet@greensheet.com.

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