Federal Payment Regulations in Cannabusinesses

Description:

Cannabusiness and the Gig Economy – The gig engagement model is perfectly suited to address the delivery needs of Cannabusinesses taking root in the United States, offering on-demand flexibility and responsiveness with virtually no overhead. At the same time, payment systems built around mobile devices and secure QR code processing are positioned to corner the greenspace pot payment processing market, as bank-based payment systems are forced to watch from the sidelines as a result of federal law. Indeed, experiences in early adopting states suggest a reliable, responsive, delivery network capable of processing consumer transactions at the point of delivery will be mission critical for Cannabusinesses to thrive and survive in those states that choose to legalize marijuana.