Making marijuana cash free
It’s a busy afternoon at Longview’s Freedom Market as customers stream in to pick up their evening weed. Within 15 minutes, more than 10 customers peruse an array of pot varieties such as “Animal Cookie” and “Sour Diesel.” Every one of them hands over cash.
Pot is predominantly a cash-only business because federal regulations make it difficult for banks to handle money from marijuana, which remains illegal under federal law. That leaves customers unable to use debit or credit cards. And it burdens businesses with high security costs, such as using armored vehicles and security guards.
But customers at Freedom Market now have another option, thanks to a new service called PayQwik that offers a cash-free alternative for marijuana businesses and customers.
"We had to go up there basically in suit and ties and establish our own credibility that, no, we're not pot heads, we’re not stoners, we’re a business
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