Despite 28 states enacting laws legalizing marijuana either for medicinal or recreational use, dispensaries face a major challenge. Until federal stance on legalization of marijuana aligns with the states level laws the businesses must deal largely in cash
At Cannabis CardPay , we come to work every day, singularly focused on helping our customers solve this significant challenge.
Why is it that Marijuana can be sold, taxed, and regulated in nearly half of the states in the U.S., but it can’t be purchased with a credit card? Around the US, there continues to be a steady migration from cash and checks to electronic payments for every type of purchase. Consumers and businesses understand electronic payments offer them levels of convenience, reliability and security that are unmatched by any other form of payment. American Express, Discover, MasterCard, and Visa brand consumer and commercial credit, debit, and prepaid cards issued in the U.S. generated $4.442 trillion in purchase volume in 2014. While transactions on Visa and MasterCard debit and prepaid cards totaled 47.46 billion.
Our team is comprised of payments industry experts with over 50 years of senior executive level experience in the credit and debit card industry. We have broad and deep industry expertise with respect to the operational and legal challenges by way of our time spent working for several of the top 10 U.S. merchant services acquires. Our years of experience developing innovative solutions to emerging markets like the fast food industry, circa 2002, have been instrumental in our ability to deploy a credit and debit card solution for marijuana dispensaries today.
As with any emerging market opportunity, the ability to innovate and craft a solution that adapts to current industry regulations is essential to long term success. Our solution is not a temporary work around for the regulations that govern US chartered banks, nor does it misrepresent the nature of your business.
We provide cost effective, user friendly, easy to activate countertop and mobile commerce solutions coupled with the system support that your business can rely upon each day. Our card present, signature required, Visa, MasterCard and Discover credit and debit card solutions offer customers the freedom to choose their payment option and the flexibility to spend as much or as little as they choose.
Whether in your sell your products in your dispensary or you deliver directly to your customers door step, our solutions provide the convenience your customers want with the security you need, one transaction at a time, every time!