Public assistance money being used for legal marijuana? It reminds me of Katrina assistance debit cards being used for divorce or plastic surgery!
It really is in no-ones best interest to allow such withdrawals from dispensary ATM's (already a legal grey area in Colorado).
This is a transaction that could bring additional and severely unwanted attention to the already highly regulated dispensary businesses, and the payment/ATM providers that give these services to them.
The figures are low, but every provider needs to keep this in mind and set the appropriate parameters to limit such transactions!
GreenAML has added this risk/compliance factor to our inherent risk universe and methodologies, and will continue to push for best practices and ethical behavior from everyone involved in this industry!