The Legal Market Was Never Built for Payments, Why Cannabis Still Breaks the Rules ft. Aubrey Amatelli
About this episode
Aubrey Amatelli discusses the challenges and innovations in cannabis payment processing after leaving JP Morgan.
The largest payment processor in the world handles cannabis in Canada. In the U.S., they will not touch it. That’s the gap. Aubrey Amatelli left JP Morgan believing that if you followed the rules, aligned with card brand requirements, and structured things correctly, you could build a compliant, stable payment product. Then came Mastercard shutdowns, a failed tech partner that cost six figures, and a stretch where 5,000 dispensaries lost payment access in a matter of weeks. What came out of that was a different approach to building in cannabis. Redundancy is not a feature. It is the product. This week we sit down with Aubrey Amatelli to discuss the following:• JP Morgan to cannabis payments• A failed partner and six figures lost• Why moving from cash to card changes ticket size
People in this episode
Host: Bryan Fields
Guest: Aubrey Amatelli
Topics covered
- cannabis payments
- financial compliance
- payment processing
- business challenges
- entrepreneurship
Keywords
- cannabis
- payments
- JP Morgan
- Mastercard
- financial technology
- dispensaries
- compliance
Mentioned in this episode
Organizations: JP Morgan, Mastercard
Places: Canada, U.S., 5,000 dispensaries
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