Cova & Canadian Cannabis Retailers Challenge MasterCard Fees
By Gary Cohen on Nov 6, 2023 12:00:00 AM
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 Oct 12, 2023 12:00:00 AM
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 Jul 19, 2023 12:00:00 AM
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 Jun 26, 2023 12:00:00 AM
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 …
Understanding Cannabis Payment Processing Fees for Dispensaries
By Faai Steuer on May 8, 2023 12:00:00 AM
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 Jan 12, 2023 12:00:00 AM
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 Oct 28, 2022 12:00:00 AM
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 …