Canada is getting ready to bring an industry into the mainstream with the introduction of The Cannabis Act, or Bill C-45, which would provide legal access to cannabis while controlling its production, distribution, and sale.
Without changes to US federal law, payment companies with transactions that flow down to the United States are going to continue facing challenges when navigating the Canadian Cannabis Industry. As the industry continues to grow, pressure from both payment processors, retailers, and consumers, will continue to increase for regulators to accommodate the changes to the industry in Canada.
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