Medical Marijuana App Solves Industry’s Cash-Only Payments Problem

Medical Marijuana App Solves Industry’s Cash-Only Payments Problem

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It is no secret that the medical marijuana industry in the United States faces an uphill struggle, indeed our readers will remember that we covered the issue in detail recently and discussed how dependence on cash is putting both medical marijuana businesses as well as consumers at a great deal of risk. It is interesting to note that there have been developments in this field and there is now a payments solution at hand for regulated medical marijuana businesses as well as customers. CanPay has recently announced a solution for the legal marijuana industry that has become available to users as well as businesses in the states of Washington, Oregon and Colorado. If this solution does indeed get adopted en-masse, it promises to solve the industry’s cash-only problem. Why no banking love for marijuana The problem in the United States arises from the dichotomy in laws. While in many states the use of medical marijuana is now allowed, federal law still acts as a spanner in the wheel. The banking industry is thus wary of being on the wrong side of federal law and the industry is largely unorganized. Consumers who want to access medical marijuana in states where it …

TREES CEO MARSHALL HAYNER: “CANNABIS WILL BE A BIGGER INDUSTRY THAN BIG TOBACCO… AND IT NEEDS BITCOIN”

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The San Francisco-based dispensary, Trees, wants to hook you up with a cannabis kit, so all of your needs are taken care of in one place. The company acknowledges that – with technology like vaporizers, dabs, and so on, cannabis has become pretty complex (especially after a dome straight to the head). So for that reason, Trees stocks the latest tech and glassware for your blazing pleasure and packages in a convenient form. Medicinal use of cannabis in California has been legal since 1996. While in Colorado and Washington cannabis is recreational, in California, the legalization of recreational is on the ballot for next year. The medical industry have allowed a booming medical marijuana industry to grow. Trees unique product is “the original craft cannabis box.” The company offers a beginner model for $99 and two boxes for $149, each containing flower, extracts, and accessories. CEO of Trees, Marshall Hayner, garnered much press for his idea about delivering the craft cannabis box via drones. The idea of delivery by drones, popularized by Amazon, has come across some issues in the US with the Federal Aviation Administration (FAA), NASA and Verizon citing safety concerns. But, in the near future, your Trainwreck …