Cova & Canadian Cannabis Retailers Challenge MasterCard Fees
By Gary Cohen on November 6, 2023
In the rapidly evolving landscape of Canadian cannabis retail, business owners constantly struggle to maintain a competitive edge and protect their slender profit margins. However, there's an added burden that is levied unfairly and applied without cause – the annual US $500 special m …
Top 2024 Cannabis Payment Trends Dispensary Owners Must Know
By Guest Blogger on October 12, 2023
With several U.S. states legalizing the use of cannabis, also often called marijuana or weed, there has been an exponential rise in the sale and use of it over the last several years. Despite the rise of the legalization of cannabis use, it remains illegal on a federal level, and thus …
Cannabis Payment Compliance: Unmasking Cashless ATM Solutions
By Faai Steuer on July 19, 2023
As the cannabis retail industry continues to grow, dispensaries are seeking innovative payment solutions to meet the growing demand for cashless transactions. However, the crackdown on cashless ATM solutions by payment processing networks has raised concerns about the legality and com …
Why Cova Pay is Canada’s Best Cannabis Payment Prossesing Solution
By Faai Steuer on June 26, 2023
The cannabis industry has witnessed significant growth in recent years, and with it comes the need for reliable cashless payment solutions. In Canada, where credit card payments are widely accepted, Cova Pay has emerged as the leading payment processing solution for cannabis retailers …
How to Transition to Cashless Payments at Your Cannabis Dispensary
By Faai Steuer on June 5, 2023
In the rapidly evolving world of cannabis retail, cashless payments have emerged as a game-changer. Transitioning from traditional cash transactions to digital payments can not only streamline dispensary operations but also maximize sales and provide a more convenient and secure exper …
Understanding Cannabis Payment Processing Fees for Dispensaries
By Faai Steuer on May 8, 2023
For cannabis retailers and dispensaries, cashless payments provide a convenient and secure payment experience and the ability to track customer transactions easily. But as the cannabis industry evolves, choosing the right cannabis payment processing solution is crucial for your busine …
Cannabis Payment Alternatives to Cashless ATMs for Dispensaries
By Faai Steuer on January 12, 2023
Cannabis has always primarily been a cash-based business due to its federal status. However, cashless ATMs have proven to be an excellent alternative for dispensaries to accept and process electronic payments over the past few years. But with the recent crackdown on cashless ATMs for …
Can Cannabis Dispensaries Use Traditional Banks?
By Gary Cohen on October 28, 2022
If you're a dispensary business owner or thinking about opening one but don't know where to keep your money or make transactions, you're not alone. Since the cannabis industry is not federally legalized in the US, big and trusted banks refuse to let cannabis business owners open an ac …