• cannabis gift cards

Why Cannabis Dispensaries Should Embrace Gift Card Programs

By |June 27th, 2022|

Retailers across various industries have long seen the benefit of offering gift cards customers can use to make purchases. Whether conventional physical cards or digital ones, gift cards provide another sales option while increasing brand awareness and offering the possibility of using them in conjunction with customer retention and loyalty programs. Such benefits could be

  • Financial Association Implores Senate to Pass Marijuana Banking

Financial Association Implores Senate to Pass Marijuana Banking

By |June 9th, 2022|

A nationwide community bank association has added its voice to the chorus of calls imploring Senate leadership to act on marijuana banking reform. The Independent Community Bankers of America (ICBA) that represents around 50,000 community banks across the US sent a letter urging the Senate to include provisions in a manufacturing bill that would safeguard

  • Payment Startups Cannabis Payment Options

Digital Payment Startups Emerge to Fill Void of Cannabis Payment Options

By |May 23rd, 2022|

Despite generating $17.5 billion in sales in 2020, marijuana businesses still largely operate on a cash basis due to federal cannabis prohibition. This represents a staggering 46 percent year-on-year increase, and it is widely expected to continue on this trajectory as more and more states move to reform their cannabis laws and open up to

  • Bankers Association Urge Congress Marijuana Banking

Bankers Association Representing All States Implore Senate to Pass Cannabis Banking Reform

By |May 9th, 2022|

Banking associations across all 50 states urged Senate leaders to include cannabis banking provisions in a comprehensive manufacturing bill that’s currently with a bicameral conference committee. In their letter, the American Bankers Association (ABA) and state-level banking associations described the Secure and Fair Enforcement (SAFE) Banking Act as an “urgently needed, and widely supported, bipartisan

  • west town bank cannabis

West Town Bank Just Launched a Dedicated Banking Program for the Cannabis Industry

By |May 2nd, 2022|

One of the country’s leading banks that specializes in providing financial solutions to emerging and underserved industries has launched a dedicated cannabis banking program. West Town Bank & Trust announced it will provide marijuana businesses with the necessary financial tools to operate with greater efficiency and more security. Federal cannabis prohibition currently prevents many cannabusinesses

  • cashless ATM

What Is a Cashless ATM and How Does It Work?

By |April 14th, 2022|

Cashless ATMs have proven to be a practical payment method for marijuana retailers that don’t have access to traditional banking services. Many cannabis dispensaries struggle to open normal bank accounts due to federal cannabis prohibition meaning customers cannot use debit and credit cards as a payment method in the traditional way. To circumvent this problem,