The intersection of cannabis legality, financial services, and business operations presents a unique set of challenges for merchants. Being denied a credit and debit card processing account is a common hurdle, yet it's not the end of the road. You have options with banking pathways opening in the USA and established options throughout Canada. Get [...]
We've all seen it. Converted ambulances or ice cream trucks on city streets with big Cannabis signs, shopping menus, and pricing on pre-rolls, 1g, 3.5g, and more; for all to see. Or the CBD shops masquerading behind the scenes as a Cannabis dispensary; to the street dealers setting up booths out in the open. With [...]
The USA is finally trying to sort out its relationship with cannabis businesses and banks. The big news is about this thing called the SAFER Banking Act. It's like a peace treaty for banks and the weed biz, telling banks they can relax and work with cannabis companies without the feds causing drama. Because right [...]
In the dynamic landscape of modern commerce, understanding the intricacies of merchant processing is pivotal for businesses aiming to optimize their transactions and customer engagement. This is most especially for Cannabis dispensaries and related Cannabis businesses. This article delves into three critical components of merchant processing: Customer Match Lists, the concept of "High Risk" Merchant [...]
Licensed cannabis companies in the United States face significant challenges in working with regional banks for card transactions due to the legal complexities surrounding Cannabis. But that is starting to change as more and more states legalize Cannabis for both medical and recreational use, and legislation discussions regarding banking take place in the US Congress. [...]
The year 2023 has been pivotal for the cannabis industry in the United States. This year, marked by significant legislative advancements, changes in consumer behavior, and shifts in the business landscape, has seen a transformative shift in how Cannabis is perceived, regulated, and consumed in the country. Let's look at fundamental changes and developments in [...]
Ohio's recent move to legalize cannabis marks a significant milestone in the ever-evolving landscape of the cannabis industry in the United States. This decision impacts the state's market dynamics and has far-reaching implications for the entire industry. Considering Ohio is a traditionally "red" state with conservative values, it is a good sign for the industry [...]
The Cannabis industry in the United States faces legal challenges, unlike in places like Canada. Due to federal regulations, most banks (nearly all) will not work with any cannabis business. Even in states where both medical and recreational cannabis are legalized, banks are primarily unwilling to approve merchant accounts despite full legalization. This poses significant [...]
The legal cannabis industry in the United States has experienced exponential growth and evolution in the past decade. Once a societal taboo, cannabis has journeyed from the fringes to the mainstream, transforming into a legitimate, thriving, and lucrative industry. From medicinal marijuana to recreational use, let's explore the current state of the cannabis industry in [...]
Credit card processing has become an integral part of modern commerce. For businesses, accepting credit card payments offers convenience to customers and can significantly boost sales. However, the behind-the-scenes process is more intricate than simply swiping a card or punching it in online. Whether selling Cannabis or running a restaurant, who you use for your [...]
