Payments News

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Columbia Care Launches Credit Card for Medical Cannabis Industry

“Columbia Care, a multistate operator in the medical cannabis industry, has launched a national credit programme across the US. The Columbia National Credit programme (CNC Card) enables the company capable of accepting a credit card for cannabis purchases. The launch follows a pilot in New York in the second half of last year.”
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Governors Call on Congress to Pass Cannabis Safe Harbor for Financial Institutions

“In a letter to Congress, the governors advocated for the Secure and Fair Enforcement (“SAFE”) Banking Act , or similar legislation, to remove legal uncertainty for banks and credit unions seeking to provide marijuana financing. As previously noted , the SAFE Banking Act creates protections for depository institutions that provide financial services to cannabis-related legitimate […]
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Deals

These Brothers Just Raised $15 Million for Their Startup, Dutchie, a Kind of Shopify for Cannabis Dispensaries

“Ross Lipson comes from an entrepreneurial family, so perhaps it’s no wonder that as a college student, he dropped out of school to jump into the online food space, including co-founding, then selling , one of Canada’s first online food ordering service startups. It’s even less surprising that having gone through that experience, Lipson would […]

On The Wires

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Safe Harbor and CanPay Team Up Again to Bring Much-Needed Compliant Banking and Payment Solutions to Florida’s Growing Medical Marijuana Market

“CanPay, the largest legitimate debit payment solution for the cannabis industry, and Safe Harbor Private Banking,  the leading compliant banking program for cannabis businesses, have partnered once again, this time providing banking services and cashless payments to Florida’s medical marijuana market, which now boasts more than 50 dispensaries and nearly 130,000 patients statewide. “
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Hypur Brings Nationwide Payments Solution to Cannabis Consumers and Merchants

“Hypur, Inc. announced that its reliable and secure electronic payment solution is now available for state legal marijuana-related businesses (MRBs) throughout the United States. Through its compliance technology, point-of-sale integrations, and payment solutions capabilities, Hypur provides complete transparency to the cannabis payments process. Hypur enables consumers to purchase products from their local dispensaries while also allowing […]
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Domains

POSaBIT Launches Fully Compliant Mobile Payments Technology for Cannabis Industry

“POSaBIT , a leading financial technology company delivering unique blockchain-enabled payment processing and point of sale (POS) systems for cash-only businesses with a focus on the cannabis industry, announced the rollout of its fully compliant mobile payments system for dispensaries across states. POSaBIT’s new handheld device allows for compliant processing of mobile delivery that could […]
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Although A Long And Arduous Process, Casco Bay Hemp Is Excited To Announce They Are Now Accepting Credit Card Payment For Their CBD Products

“Like the majority of companies in the CBD product sales business, Casco Bay Hemp lost their credit card processing capabilities 4 months ago. The majority of businesses were using Elavon, who unfortunately stopped all hemp processing, leaving everyone in the lurch.  Starting September 1st, 2019 Casco Bay Hemp was accepted into the pilot program for Square’s CBD/Hemp division, a […]