Cannabis

Cannabis, also known as marijuana among other names, is a psychoactive drug from the Cannabis plant used primarily for medical or recreational purposes.

Source: en.wikipedia.org

KindTap, Dispense, Partner on Cashless Cannabis Sales
KindTap, Dispense, Partner on Cashless Cannabis Sales
June 01, 2022  |  Digital Payments

KindTap, a digital credit payments solution for the cannabis industry, has integrated with Dispense, an eCommerce platform, the companies announced Wednesday (June 1). According to...

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Cashless ATMs Mask Estimated $7B in Cannabis Transactions 
Cashless ATMs Mask Estimated $7B in Cannabis Transactions 
April 01, 2022  |  Legal

Cashless ATMs have reportedly been used to process some $7 billion in cannabis transactions, Bloomberg reported on Friday (April 1).  Legal cannabis retailers have had...

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Needham Bank Buys Eastern Bank’s Cannabis Business
Needham Bank Buys Eastern Bank’s Cannabis Business
January 14, 2022  |  Acquisitions

Massachusetts financial institutions Eastern Bank and Needham Bank have formed an asset purchase agreement that will see Eastern transfer its cannabis-related and money service business...

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Uber Eats to Allow Cannabis Orders in Ontario, Canada
Uber Eats to Allow Cannabis Orders in Ontario, Canada
November 22, 2021  |  Gig Economy

Uber is getting into the cannabis business, at least in one part of the world. As Reuters reported on Monday (Nov. 22), the ride-hailing giant...

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House Passes Cannabis Banking Initiative as Part of Defense Bill
House Passes Cannabis Banking Initiative as Part of Defense Bill
September 23, 2021  |  Regulation

The U.S. House of Representatives passed an amendment to the National Defense Authorization Act (NDAA) that would protect banks that do business with cannabis companies...

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In The Push Against Cash, Cannabis FinTech Meets The Industry Where It Is
In The Push Against Cash, Cannabis FinTech Meets The Industry Where It Is
June 28, 2021  |  B2B Payments

Despite expanding legalization of cannabis, businesses operating legally in the space face no shortage of headaches when it comes to getting banked, accessing loans and...

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Dama Debuts Payroll Solution For Cannabis Companies
Dama Debuts Payroll Solution For Cannabis Companies
June 24, 2021  |  Payroll

Cannabis companies will now have more options for payroll with a new product from Dama, an industry banking and payments company. The new product, called...

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Cannabis Business Host Community Payments Stir Controversy In MA
Cannabis Business Host Community Payments Stir Controversy In MA
May 13, 2021  |  B2B Payments

Contending that some local governments create obstacles in a system that requires mandated contracts between municipalities and cannabis businesses, proponents, past regulators and legislators are...

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High Growth, And High Risk: Solving The Compliance Challenge Of Cannabis Banking
High Growth, And High Risk: Solving The Compliance Challenge Of Cannabis Banking
May 03, 2021  |  B2B Payments

Cannabis has a banking problem. As regulation evolves and fluctuates, legal marijuana businesses continue to struggle to find financial service providers to fill their needs,...

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