The Cannabis Accounting Podcast

EP 220: Why Cannabis Rescheduling Won't Fix Payment Processing

July 20, 2026·35 min
Episode Description from the Publisher

In this episode of the Cannabis Accounting Podcast, host Raymond Guns sits down with Don Raleigh III, Revenue Operations Manager at Evolve Payment and award-winning payments and AR compliance leader, to pull back the curtain on what's actually happening with cannabis payment compliance right now — and why most operators are more exposed than they realize.Don talks about:💳 Why credit card processing for cannabis is not compliant, no matter what any provider claims, and the exact question to ask any vendor pitching a "compliant" solution🚫 The June 15th deactivation of 6,000 payment terminals nationwide, and why Visa and Mastercard's use of AI is accelerating these shutdowns💰 The three payment methods that actually are compliant today, and how each one really works in practice🏦 Why cannabis rescheduling doesn't unlock the card brands, and Don's 5 to 10 year timeline for when Visa and Mastercard will actually engageThe operators who get their payment infrastructure right now — before the next shutdown wave hits — will be the ones still standing when the card networks eventually open the door. Subscribe for deep dives on cannabis business, accounting, regs, and growth! 🔥

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