Mastercard Instructed Financial Institutions That Offer Payments Services To Cannabis Merchants And Connects Them To Mastercard To Terminate Activity
Portfolio Pulse from Benzinga Newsdesk
Mastercard has instructed financial institutions that offer payment services to cannabis merchants and connect them to Mastercard to terminate their activities, according to Reuters.
July 26, 2023 | 5:12 pm
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NEGATIVE IMPACT
Aurora Cannabis may face difficulties in processing payments due to Mastercard's decision.
Mastercard's decision could make it more difficult for Aurora Cannabis to process payments, potentially affecting its sales and revenue. This could negatively impact its stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Canopy Growth Corporation may face challenges in processing payments due to Mastercard's decision.
Mastercard's decision could make it more difficult for Canopy Growth Corporation to process payments, potentially affecting its sales and revenue. This could negatively impact its stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Mastercard's decision to stop payment services to cannabis merchants may affect its revenue from these transactions.
Mastercard's decision to stop payment services to cannabis merchants could lead to a decrease in its transaction volume and hence, its revenue. This could negatively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100