Cannabis

We are closing in on an exciting new era for the cannabis industry. Alongside calls for federal legalization, the cannabis industry is undergoing a rapid boom with an expectation for the sector to grow to a $30 billion valuation by 2025, supporting impressive workforce growth, and expanding the national and international economy. However, in the United States, there still remains a number of roadblocks to the cannabis industry, chief amongst them- payment processing compliance.  

Currently, cannabis dispensaries have minimal payment processing options as federal law prevents major credit and debit card companies like Visa, Mastercard, or Amex from knowingly doing business with any marijuana business. Though some dispensaries may decide to take the risk and accept credit and debit payments regardless of regulations, this is a risky option for business owners and could significantly compromise the health of your cannabis business. In many cases, choosing to accept credit and debit cards could even result in the permanent closure of your store. 

To smoothly and safely process cannabis payments, dispensaries will need to turn to forward-thinking, technology-driven payment processors like Data One to help them engineer sophisticated and creative solutions to overcome the current hurdles facing the cannabis industry. As of now, aside from the unpopular option of accepting cash, the only alternative for cannabis payment processing is point of banking/ACH payments or cryptocurrency processing. Dispensaries that integrate non-cash payment solutions such as point of banking alternatives are seeing dramatic increases in their revenues and customer satisfaction. 

Data One understands the many intricate specificities of this particular venture and has the expertise and the technology to help merchants avert roadblocks and safely and efficiently implement a future-forward payment processing infrastructure for cannabis sales. The cannabis industry is an exciting and fast-changing market, and its potential for continuing growth is nothing short of astounding. However, to succeed in this field, cannabis merchants will need a creative payment processing solution that can work alongside the ever-shifting regulatory changes of the industry. 

Speak to a Data One expert now. 

It's a new day for payments. 

What is Cannabis?

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10 Reasons Cannabis is better with DataOne is better!

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Hear from our clients why we’re #1 in Cannabis !

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No matter the industry. Data One is your partner for the future!