The machine is among the more commonly pitched solutions for high-risk merchants that can't normally handle payment cards because banks won’t partner with them. But for dispensaries, they can be a hassle.
The nation’s largest state set out to bring a once-illicit industry into the financial mainstream but is now running into a Washington, D.C.-size barrier.
It may be a bigger challenge than financial institutions realize to avoid the cannabis sector, which includes a whole host of ancillary businesses from agricultural supply sellers to real estate developers.