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Heath Korvola/Getty Images Cash is king when it comes to pot.
Credit card companies don't make the distinction between those who want to buy marijuana for medical reasons and those who buy it for recreational purposes."Most merchant services companies do not want to accept credit card transactions from cannabis businesses," says Kristi Kelly, executive director of the Marijuana Industry Group, a non-profit trade organization for licensed cannabis businesses. Discover and American Express confirmed they don't allow cardholders to buy medical or recreational marijuana. Mastercard pleads the Fifth, acknowledging the legality isn't clear-cut."The federal government considers marijuana sales illegal, but is currently not challenging state laws that legalize marijuana sales," says Seth Eisen, a company spokesman.
It turns out there are some things credit cards won't buy.