California Lawsuit Casts Light On Legal Cannabis Sector's Payments Problem

With legal cannabis companies still struggling to gain access to banking and payment services, a new lawsuit is alleging a California-based company disguised the true nature of cannabis delivery transactions to be able to accept debit and credit cards.

Filed last week in San Francisco Superior Court, the suit alleges that cannabis delivery service Eaze masked deliveries as transactions for a variety of other types of goods, including "dog toys, dive gear, carbonated drinks, drone components, face creams, among other things."

Surprisingly, the plaintiff is not a regulator or law enforcement authority but rather a rival cannabis company.

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