Replies to post #151095 on MyECheck, Inc. (fka MYEC)

[Jose' Cannnseco]

I think this may have been the hold up to MJ Pay. It will happen and alleviate so many issues for retailers in the MJ industry.

But the news today IMO trumps that and is a great sign of things to come. Full implementation of Check 21 really is a big deal.

MYEC $$$

[MODiFiEDZ]

It's a green light to MJ-Pay, I believe this is what MyECheck was waiting on.
We were never 100% sure if MJ-Pay could bypass the legalities associated with marijuana banking so this opens the door for us regardless.
MyECheck will still be the household name when it comes to mobile payments the next time your in a dispensary.

[kwm1954]

some highlights from that vote... MJ-PAY getting closer

voted Wednesday in support of making it easier

Marijuana dealing is still against federal law, so banks who do business with marijuana dispensaries could be accused of helping them launder their money

The vote is largely symbolic since Treasury already had gone ahead with the guidance, but it demonstrates a loosening of anti-marijuana sentiment on Capitol Hill.

more politicians are now working to accommodate popular state laws