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New Report Documents Trends in Michigan Marijuana Usage

June 19, 2020

It’s been 12 years since voters in Michigan approved the use of cannabis by residents for certain medical conditions, and 2 years since passage of a voter initiative allowing adult recreational sales and uses of marijuana. Now there’s a new report from the University of Michigan on cannabis usage trends in the state, including downstream[...]

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Cannabis in Time of COVID: Is Banking Relief in the Cards?

May 19, 2020

The latest COVID-19 relief package just voted out of the U.S. House of Representatives offers much needed help for state-sanctioned cannabis businesses. But its future is uncertain. The SAFE Banking Act, which would allow banks and credit unions to offer services to marijuana dispensaries and other cannabis businesses without running afoul of federal law, was[...]

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Cannabis in a Time of COVID: Legalization Efforts Lose Steam as Demand for E-Payments Grows

May 8, 2020

One consequence of the COVID-19 (coronavirus) pandemic is that state cannabis legalization efforts are getting placed on hold. Before any statewide ballot initiative, like legalization of medicinal and/or adult recreational uses of marijuana, can be put before the public, proponents must obtain signatures from hundreds of thousands of registered voters in that state. At the[...]

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Cannabis in a Time of Coronavirus: Business is Essential & Sales are Brisk

April 30, 2020

The COVID-19 (novel coronavirus) pandemic has wreaked havoc on many U.S. businesses. Cannabis dispensaries not so much. In fact, dispensary sales are booming, with legal sales of cannabis in some states seeing 20% spikes or more, according to Headset, which keeps tabs on marijuana sales trends. In the six days leading up to 420, an[...]

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Supporting cannabis dispensaries in time of COVID-19, and beyond

April 13, 2020

Written by Max Miller, CEO, Paybotic. With social distancing and stay-at-home requirements, online ordering, for pickup or delivery, is becoming a way of life for millions of Americans, particularly those legally purchasing cannabis products to treat health issues. Payments professionals who can deliver ecommerce and electronic payment solutions to cannabis dispensaries, in compliance with appropriate[...]

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Electronic Checks Help Growers and other Cannabis Businesses Transact Business

April 3, 2020

It is a well-documented fact that cannabis businesses suffer from a scarcity of banking options. Most banks and credit unions, fearful of running afoul of federal laws and card brand rules, are turning away cannabis businesses that want to accept credit cards, and those looking for safe places to deposit cash. Much of the discussion[...]

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Cashless Solution for Cannabis Dispensaries in Age of Coronavirus

April 3, 2020

Businesses and individuals throughout the world are shunning cash over fears that paper bills because they get handled by thousands of individuals, could be a vector for coronavirus. Health experts have said the risk of transferring the virus through cash is low, but they can’t rule it out either. The risk is scary enough that[...]

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Identifying the Best Payment Solutions for Cannabis Businesses

March 12, 2020

Do you operate a business in the burgeoning market for cannabis products? Are you having a tough go of it finding a payment processing company that understands the market and your payment processing needs? You’re not alone.   Marijuana dispensaries and other businesses selling cannabis products are woefully underserved by traditional banks and payment processing[...]

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Share of Americans Who Smoke Pot Holds Steady, Even as Growing Numbers Favor Legalization

February 11, 2020

The number of Americans who say they smoke marijuana is holding steady, even as the share who favor legalization grows. A new poll from the Gallup Organization reveals 12% of U.S. adults say they smoke marijuana, a percentage that has held steady since 2015, the polling organization reported, while a separate survey finds that growing[...]

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Kentuckians Down with Medical, Recreational Marijuana Use

February 11, 2020

Advocates of marijuana legalization in Kentucky have a lot of reasons to be hopeful. Governor Andy Beshear has thrown his support behind medical marijuana legislation. And according to the latest Kentucky Health Issues Poll, 90% of the state’s residents favor legalizing marijuana for medical purposes; nearly 6 in 10 say it should be legal for[...]

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