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Expert Insight On Guilty Plea of Eaze CEO and Possible Ramifications for Cannabis Industry From Operational Security Solutions, or OSS


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March 18, 2021

Eaze’s former CEO, Jim Patterson, pleading guilty in a case accusing the company of tricking banks into processing $100 million worth of cannabis credit card payments.

This news has sparked debate among the cannabis community over whether cannabis banking laws forced Patterson to go the illegal route if this news proves the need for Congress to pass cannabis banking laws, and what legal payment/banking options cannabis businesses have other than cash.

On March 18, 2021, I talked with the Chief Sales Officer of Operational Security Solutions (OSS), which was purposefully assembled almost five years ago by a team of former law enforcement, military and federal service professionals to directly support the security and banking needs of the legal cannabis industry.

OSS supports two dozen financial institutions and more than 100 Marijuana-Related Businesses through bicoastal operations between the central valley of California and the greater Philadelphia area.

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