Cannabis is a disruptive industry. Within a few short years, it transformed from an underground culture to becoming regulated “essential businesses” during the COVID-19 pandemic. The pace of change is simply astounding with projected 2020 U.S. cannabis revenue ranging from $15 to $19 billion dollars. Clearly, long-held attitudes are changing and this helps normalize the…
The legal, regulated cannabis industry is unique, and as an evolving business model, dispensaries, customers, regulators, and law enforcement are still finding their way. A 2019 Gallup poll found that 66 percent of Americans favored legal cannabis. People’s long-held attitudes are changing and this helps normalize the entire cannabis community. But, when it comes to…
When you’re exploring cannabis payment processing options for your dispensary or delivery service, it’s crucial to make the right platform decision. Whether its medical marijuana payment processing or adult-use marijuana payment solutions, it is vitally important to research software and hardware compatibility, customer records integration, and state regulatory compliance. Because cash is still king in…
Every dispensary owner knows that cannabis credit card processing options are extremely limited. This is primarily due to one overarching fact; major banks and credit unions are regulated by the federal government and cannabis remains illegal under federal law. This creates a high level of risk for any commercial bank and for now, most decline…
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