Citizens Bank is a Michigan-based bank with more than 220 locations and 17 locations in the Midwest. The Transaction Group (TTG) has been helping medical marijuana dispensaries in Michigan with credit card processing needs since 2010. As a result, cannabis businesses have been unable to obtain loans and have been unable to expand. Like all legal marijuana dispensary owners, we have faced the frustration of the changing policies regarding merchant accounts and mmj. 1. Jackson, MI 49203. However, we may receive compensation when you click on links to products from our partners. FREE Delivery to Lenawee, Monroe, Hillsdale, Jackson and Washtenaw Counties. We help thousands of people all around the states get their medicine in time. Phone: (310) 461 - 4134. . Accuracy, independence and authority remain as key principles of our editorial guidelines. Along the Natural Route, Southwest Michigans Cannabis Collective, we have the following dispensaries. As you can see dispensaries are places focused on medication, and since the discovery of how beneficial marijuana can be for health, it has slowly become more legal, thus making marijuana dispensaries pop up all over the U.S. states where marijuana is legal to sell as a medicine. They take them for awhile and then the credit card processor freezes the account making the provisioning center fight to unfreeze their funds. emerged, the industry was yet to see a compliant, easy mechanism to take credit card payments. You can use a credit card to buy liquor, or at a food truck, so why not cannabis? To gain access to all transactions, the credit union requires close cooperation from the business, as well as an annual inspection. We are rapidly growing across Michigan with 24 stores open and more locations opening soon. Browse our online shop and add items to your cart. Does that mean you can pay for it with a credit card? 2 retailers are now accepting Bed Bath & Beyond coupons as company Okay, so this is basically just a form of mobile pay. DINB of New Baltimore has accepted all insured deposits, CDs, and IRAs. This is because marijuana is still an illegal drug under federal law. We are open for in-store shopping, online ordering and curbside pick-up. Michigan is the first Midwest state to legalize recreational cannabis use. IMHO. As we have stated, it is hard to understand why paying dispensaries with credit cards is complicated. Cannabis consumption should take place in your private residence, or, if you are visiting from out of state, in your hotel room. We won't send you junk. Once you arrive follow the instructions we text you and we will bring your order out to you. See our Cookie Policy and Privacy Policy to learn more. Lets face it theres a lot of jargon and high-level talk in the credit card industry. Every method is, in one way or another, skirting around the fact that the federal government still considers marijuana an illegal drug. That means that banks are reluctant to extend marijuana businesses financial services that would make it easier to use credit cards and other . Free Wi-Fi. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. When Bed Bath & Beyond announced . Share This Story, Choose Your Platform! Marijuana may be legal in your state. 12 Photos - 2508 S Cedar St, Lansing, Michigan - Yelp Other dispensaries feature cashless ATMs. According to the Financial Crimes Enforcement Network, marijuana-related activities are prohibited by the Controlled Substances Act. In Barrs January 2019 confirmation hearing, he indicated that he would not go after companies who were protected under the Cole Memorandum, though he is unlikely to issue the same Obama-era protection for the industry.
