In nearly 20 years in the payment processing industry, I have not seen an industry that has such dramatic growth, especially within the retail footprint as I have seen with Smoke and in particular Vape. Yet as with many retail businesses, accepting credit & debit cards are a business must have a form of payment for card acceptance The regulatory…
In 2015, nationwide sales of cannabis via registered medicinal and recreational dispensaries hit $5.4 billion. The 2016 sales data has yet to be compiled but it is estimated to exceed $10B. Cannabis is now legal for medicinal and/or recreational use in 26 states spurring tremendous growth, making it an attractive industry to service. This growth comes with great challenges. As…