Hawaii dispensaries are saying goodbye to cash and aloha to debit payments. On Sept. 12, 2017, Hawaii’s Financial Institutions Commissioner Iris Ikeda announced that the state would be the first in the country to require that cannabis sales be cashless.
Tag Archives: Cashless
Hawai’i Unveils First Cashless Payment System for Medical Cannabis
Gov. David Ige and state Financial Institutions Commissioner Iris Ikeda announced a “banking solution” that allows Hawai‘i’s medical cannabis dispensaries to access financial services and use a cashless payment system
Cashless Payment System Proposed for Ohio Medical Marijuana Program
COLUMBUS, Ohio — Ohio could be the first medical marijuana state to fix the industry’s cash-only situation.
Cannabusiness and Alternative Banking
As marijuana businesses in Colorado and Washington found themselves suddenly without working ATMs last week, it became painfully clear, yet again, that the industry has to find a way out of the banking dilemma created by the conflict between state and federal laws regarding marijuana’s legal status.