Is It Cash Only at Dispensaries? – How Do I Pay for Medical Marijuana?
Is It Cash Only at Dispensaries?
It’s a common question we hear! Unfortunately, dispensaries don’t take credit cards and you probably already know that insurance and Medicare won’t cover medical marijuana. Cash is king at dispensaries, we haven’t heard of any that don’t accept cash. Some dispensaries have other options. Curaleaf in New York continues to roll out with CanPay. Other dispensaries in the States (including Florida) accept CanPay too. If you don’t like to carry too much cash around, CanPay may be a good solution!
April 13, 2019
Marijuana is still illegal at the federal level, something that has forced many banks to back away from the industry.
In March, Sun Trust began the process of shutting down the accounts of medical marijuana businesses, drawing sharp criticism from Florida Agriculture Commissioner Nikki Fried, who tweeted out, “I guess SunTrust doesn’t trust Florida voters.”
Fried has been joined by fellow Florida cabinet member CFO Jimmy Patronis in pointing out that even though Florida legalized medical marijuana, federal laws are still a concern for many banks and finical institutions.
“Legitimate Florida businesses in our medical marijuana industry face incredible security threats and increased opportunity for criminal activity due to the troubling lack of banking solutions,” wrote Patronis in a statement. “At no fault of their own, medical marijuana companies operating in our state are doing so as cash-only businesses and this is unacceptable. I ask Congress to step up and immediately approve legislation that will increase banking options for our country’s marijuana businesses.”
Congress is considering a bipartisan bill that would open up banking by creating “protections for depository institutions that provide financial services to cannabis-related legitimate businesses and service providers for such businesses, and for other purposes.”
The bill, filed this year has support from eight Florida members of congress including Rep Darren Soto (D-Orlando), Rep Stephanie Murphy (D-Winter Park), and Rep Matt Gaetz (R- Fort Walton Beach).
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Author: Scott Lawrence
Scott is a cannabis fan, enjoying the experience as much as the feeling.
Is it true that i will have to for fit my right to own a hand gun. I was told that i will not be able to keep my hand gun. And where do i apply to get my medical marijuana card at, and do i have to pay for the card. Thank You.
Hi Terry- please check out this page: https://www.calmeffect.com/tips-florida-medical-marijuana-card/ for info on getting your card. We are not aware of any laws where you’d have to give up a gun.
I’m not sure about the gun regulations. Finding a MMJ Doc in your area is easy by entering in GOOGLE “Medical Marijuana Doctor in your are”. The visit to the Doc will cost about $200 n once cleared the License will run you $75. Hope this helps.