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Legal Pot Starts Pulling Its Retail Weight

PYMNTS

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. Other figures also point to how much consumers are spending on legal retail pot. Legal retail cannabis may be spreading throughout the U.S., Companies also have made more than $6.5

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Credit Union Helps US Marijuana Businesses Put Down Roots

PYMNTS

Massachusetts joins a handful of states, including Colorado, Washington and Maine, that have taken steps to legalize recreational marijuana. Recreational marijuana may be legal now, but many FIs remain reluctant to conduct business with marijuana retailers, due to the industry’s controversial nature.

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Microsoft, KIND Financial Inhale Marijuana Partnership

PYMNTS

Working with pot growers, sellers and government entities, KIND coordinates the connections through that “seed-to-sale” method, collecting and analyzing the related data so that everything is in compliance with all current laws.

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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

Yet now the ban on the surcharge ban – made possible by regulatory changes – means that companies must be in full compliance with the rules. For instance, a retailer may, on a shelf, display the cash price or the “credit price” alongside one another, may quote it verbally or may show the price differential on an invoice. population.

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The Dawn Of A Cashless Global Economy?

PYMNTS

Now legal in 23 states, with recreational use also legal in Alaska, Colorado, Oregon and Washington, marijuana is very much still a cash-based business. As American Banker outlined in a recent article, marijuana is a booming niche retail industry. So, who continues to use cash?

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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

The company provides a B2B eCommerce platform for cannabis retailers to procure product online while ensuring legal compliance. The firm said it will use the funding to expand from Colorado into other states in which marijuana laws are becoming more lenient, including California, Nevada and Oregon.

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At the Speed of Tech

Independent Banker

Retail locations: Four. Judith Sears is a freelance writer in Colorado. Photo by Audra Melton. Jason Lord meets the new standard for fast-paced collaboration and service. By Judith Sears. SunMark Community Bank. Headquarters: Hawkinsville, Ga. Assets: $215 million. Full-time employees: 58. Founded: 1949. Website: www.sunmarkbank.com.