After credit card giant Visa warned banks and others earlier this month about the misuse of cashless ATMs, several marijuana industry executives now believe retailers will be forced to revert to cash-only sales or to adopt other debit-card payment systems.
That would amount to a logistical headache for potentially thousands of retailers across the nation. But the fallout could be more severe, according to some industry executives.
The Illinois-based firm said that its financing subsidiary, Chicago Atlantic Lincoln, amended its secured revolving credit facility with “two (Federal Deposit Insurance Corp.)-insured financial institutions.”
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