Arizona Cannabis Dispensary Payments Processing, MMJ Banking & POS

Arizona Cannabis Payment Processing Solutions

In late 2020, the state of Arizona legalized the sale of recreational cannabis. This landmark decision will create huge opportunities for cannabis merchants, granting them access to millions of customers. Capitalizing on this new market will require you to navigate the somewhat complex financial constraints placed on high-risk retailers.

Chief among these challenges are the limitations on electronic payment processing. Fortunately, Paybotic’s team of financial experts are adept at creating custom payment solutions for legal cannabis merchants. We provide Arizona payment processing services and continuous customer support, aiding in the long-term success of your business.

Contact Paybotic today for more information on how our services can meet the payment processing needs of your Arizona cannabusiness—or read on below to learn more about cannabis law in The Grand Canyon State.

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How Paybotic Can Help with Cannabis Payment Processing in Arizona

Paybotic offers tailored payment processing solutions to any Arizona dispensary. We understand that cannabis laws are ever-changing and we work hard to ensure that we remain compliant to all applicable regulations.

Our solutions include:

We partner with financial institutions that understand the unique underwriting requirements for cannabis products.

Any Arizona Cannabis Dispensary Can Rely on Paybotic

Paybotic provides dynamic solutions and best-in-class customer service to meet the unique demands of legal cannabis merchants. We offer low monthly fees and little to no setup costs, allowing you to maximize profitability. Our payment processing solutions are not just cost-effective, but they are efficient and secure, as well.

Getting started with Paybotic is as easy as submitting a simple online application. We offer lightning-fast processing, with most merchants receiving approval within 48 hours.

We serve the following high-risk cannabis businesses:

CBD/hemp brick-and-mortar locations
CBD/hemp online sales
Medical cannabis vendors
Recreational cannabis dispensaries

Paybotic is the premier Arizona payment processing partner that can set you up for success, and we look forward to helping you grow your business. If you are ready to break into the Arizona recreational cannabis market, contact Paybotic at the link below for more information or to start an application.

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Cannabis Legalization History in Arizona

Various Arizona-based organizations have been lobbying for the legalization of recreational cannabis for many years. This movement can trace its origins back to November 2, 2010, which is when the state first elected to legalize cannabis for medical purposes. With a narrow majority of only 50.13%, voters approved the Arizona Medical Marijuana Act (AMMA).

Ten years later, cannabis usage was still restricted to medical use only. That was until Proposition 207 was put to a vote on November 3, 2020. Known as the Smart and Safe Act, the passage of Prop 207 made the sale and possession of recreational cannabis lawful throughout the state.

Recreational cannabis sales are restricted to adults ages 21 and older. They can lawfully possess up to one ounce of cannabis. There are also limitations on possession of cannabis concentrates. These new guidelines became effective on January 1, 2021.

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