You are here

Home 🌿 Cannabis Technology News 🌿 CanPay CEO Presents New Debit Payment Solution For Marijuana Industry 🌿

CanPay CEO Presents New Debit Payment Solution For Marijuana Industry

Warning message

The subscription service is currently unavailable. Please try again later.
Submitted by Marijuana News on Tue, 11/22/2016 - 08:40

On Thursday, CanPay announced the first debit payment solution for the expanding legal marijuana industry has become available to retailers and consumers in the states of Washington, Oregon and Colorado. The service has already launched in 15 retail stores across Washington and Colorado, solving the cash-only problem that troubles the legal cannabis industry.

“CanPay partners exclusively with a multi-state network of financial institutions that are banking the cannabis industry under compliance programs meeting strict federal guidelines, ensuring the continued stability and legitimacy of CanPay’s services,” the company explained.

Ahead of the service’s debut, Benzinga had the chance to chat with the company’s CEO Dustin Eide.

A Little Background

“Our history was in standard-risk payments processing… and [we] realized early on that there might be an opportunity to bring a professional approach to an industry that was highly regulated and appeared to have a lot of payment options that were subject...

READ MORE: 
MSN
e-mail icon Facebook icon Twitter icon LinkedIn icon Reddit icon
Rate this article: 
Region: 
Washington
Oregon
Colorado
United States

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.