PEP | 012 | Unraveling Cannabis Payment Processing Challenges | w/ Ian Rassman | Payments Experts Podcast

The Payments Experts Podcast

Curious about the intersection of the cannabis industry and payment processing? Join us as we unpack the intricacies with seasoned payment specialist, Ian Rassman. A fascinating journey into an industry ripe with potential and roadblocks alike, Ian's over 12 years of experience offers a fresh perspective on the 'green rush' that never materialized, the crucial role of passion, and the surprising involvement of state-level banks and credit unions.
We take the conversation a step further, exploring the future of cannabis payments, the unique tax differences compared to other industries, and the solutions available to retailers. If you've wondered why card brands shy away from the cannabis industry, the challenges of peer-to-peer payment solutions, or the obstacles consumers face at the till, this episode is for you.
Wrapping up a robust discussion, we delve into the world of activism with Normal, a national organization tirelessly advocating for cannabis reform. They are championing the Safe Banking Act and lobbying for a tax system that treats cannabis like any other industry. We also shine light on the organization's successful outreach programs that have assisted numerous veterans and cancer patients. Don't miss out on this enlightening conversation!
Since 2008, and based in San Diego, CA, Global Legal has represented clients across the nation, and internationally, in the world of electronic payments.

ISOs, Fintech, payfacs, agents, merchants, processors, acquiring banks, and card brands, if these terms mean something to you, this podcast is for you! If these terms aren’t so familiar, this podcast is even more for you!

We hope you enjoy this episode of the Payments Experts Podcast!
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If you’re interested in learning more about PEP and how Global Legal Law Firm may be able to assist you, please visit us at
https://www.globallegallawfirm.com/

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(The PEP Podcast is intended for education and entertainment – nothing said in this Podcast is or should be considered legal advice. Please contact Global Legal Law Firm to schedule a free consultation.)

A payments podcast of Global Legal Law Firm

Chapters

1. Cannabis Industry Payments and Banking (00:00:00)

2. Cannabis Banking Advocacy Challenges (00:09:33)

3. Challenges and Future of Cannabis Payments (00:21:43)

4. Diverse Topics and Perspectives (00:33:28)