Quantcast

Hawaii says its 1st state to go cashless for marijuana sales - KOAA.com | Continuous News | Colorado Springs and Pueblo

Hawaii says its 1st state to go cashless for marijuana sales

Posted: Updated:

HONOLULU (AP) - Hawaii said Tuesday that it will be the first state to require marijuana sales to be handled without cash, saying it wanted to avoid robberies and other crimes targeting dispensaries.
    
Medical marijuana dispensaries in Hawaii won't be allowed to accept cash beginning Oct. 1 and will require people to use a debit payment app instead. The app is already an option for marijuana transactions in six states, including California and Colorado.
    
Many marijuana businesses use cash because banks fear pot money could expose them to legal trouble from the U.S. government, which regulates banking and still bans marijuana.
    
The debit app called CanPay uses a Colorado-based credit union to facilitate transactions. Some mainland credit unions have opened accounts for cannabis businesses.
    
Hawaii was among the first states to legalize medical marijuana in 2000 but the state didn't grant licenses to any dispensaries until last year. Maui Grown Therapies became the first to open last month after the state Department of Health gave it approval to begin sales.
    
During the Obama administration, the Justice Department issued guidelines to help banks avoid federal prosecution when dealing with pot businesses in states where the drug is legal.
    
But most banks don't see those rules as a shield against charges that could include aiding drug trafficking. And they say the rules are difficult to follow, placing the burden on banks to determine if a pot business is operating within the law.
    
There is also uncertainty over how the Trump administration will react. Attorney General Jeff Sessions has said he wants to crack down on the legal marijuana industry.
    
Credit card companies like Visa and Mastercard say they won't allow their cards to be used to buy cannabis or marijuana-related products.
    
Patients who don't own smartphones will have to create CanPay accounts with an email address and personal identification number. Patients will be able buy pot by logging on to their accounts with computer tablets at the dispensaries.

WEATHER
Drive the Doppler
  • Most Popular StoriesMost Popular StoriesMore>>

  • One person killed in triple shooting in Pueblo

    One person killed in triple shooting in Pueblo

    Sunday, November 19 2017 5:28 PM EST2017-11-19 22:28:08 GMT
    Pueblo Police are investigating a triple shooting in the 900 block of Lake Ave. Sunday morning.Pueblo Police are investigating a triple shooting in the 900 block of Lake Ave. Sunday morning.

    Pueblo Police are investigating a triple shooting in the 900 block of Lake Ave that left one person dead.

    Pueblo Police are investigating a triple shooting in the 900 block of Lake Ave that left one person dead.

  • Our Apologies

    The page you requested is currently unavailable. Pages on this site are constantly being revised, updated, and occasionally removed. You may have followed an outdated link or have outdated pages in your

    You have reached a page which is currently unavailable. We apologize for any inconvenience. Please use your browser's BACK button to return to the previous page

  • Virginia woman catches fish that breaks Colorado record

    Virginia woman catches fish that breaks Colorado record

    Saturday, November 18 2017 9:34 PM EST2017-11-19 02:34:11 GMT
    Dr. Lindsay Regali caught a record breaking arctic char while vacationing in Dillon Reservoir.Dr. Lindsay Regali caught a record breaking arctic char while vacationing in Dillon Reservoir.

    A Virginia physician caught an unexpected record breaking fish while vacationing in Colorado.  Dr. Lindsay Regali of Charlottesville and husband Luke Newcomb were enjoying some Colorado fishing at Dillon Reservoir when she caught the fish.

    A Virginia physician caught an unexpected record breaking fish while vacationing in Colorado.  Dr. Lindsay Regali of Charlottesville and husband Luke Newcomb were enjoying some Colorado fishing at Dillon Reservoir when she caught the fish.

Powered by Frankly

© KOAA.com 2017, KOAA.com
A CORDILLERA COMMUNICATIONS Station
All rights reserved
Privacy Policy, | Terms of Service, and Ad Choices

Can't find something?