Weed Ed | Navigating The Banking Quandary
Cash is king, and nowhere is this truer than Jamaica’s emerging cannabis industry. If you visit any of the local herb houses to purchase medical ganja, you will most likely be greeted by a ‘CASH ONLY’ sign. You won’t find a convenient point-of-sale terminal to process credit and debit cards. In fact, the businesses don’t even have an account with a local bank and can’t access loans or any other banking services. Jamaican cannabis companies are facing what other ganja businesses around the world have been experiencing: exclusion from the banking sector. This alienation stems from the Patriot Act, aRead More