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Nevada Marijuana Dispensary Uses Food Trucks To Sidestep Cards Regs

PYMNTS

No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging customers’ credit cards. Cannabis operator Curaleaf Holdings announced July 18 it will acquire GR Companies (“Grassroots”), the largest private vertically integrated multi-state operator. .

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Can Legal Pot Thrive With Closed-Loop Payments?

PYMNTS

The latest example of that, a closed-loop payments effort in Nevada, comes amid fresh signs of significant revenue growth for this nascent part of legitimate commerce. Under the program, the Nevada state treasurer’s office will “set up a three-year pilot program” to ease the payments situation for the local cannabis industry.

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