Mastercard's decision to further reduce options for marijuana consumers means they will have fewer convenient ways to purchase marijuana without cash.
, it remains illegal at the federal level, creating challenging implications for both marijuana consumers and state-legal businesses that are hard to overcome.
But the move by Visa first, and now Mastercard, is significantly reducing available options for making transactions in the marijuana space. In order to get access to credit card payments, marijuana should become legal at the federal level, but the current situation suggests this is not going to happen anytime soon.
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