Galen Diligence featured in PaymentsSource

Tanya spoke with PaymentsSource about challenges facing payment processors in the cannabis industry:

Payments companies should be prepared to demonstrate that their merchants are compliant at the state level. “This might provide some protection against legal action,” says Tanya Hoke, founder and managing director of Galen Diligence, a Cambridge, Massachusetts-based company that provides expert investigative due diligence services for potential investors and businesses in the cannabis industry.

Payments providers also need to be able to identify which accounts are linked with marijuana businesses—so they can be monitored appropriately in the event of increased federal scrutiny, she says.