Green Check is partnering with Payment Alliance International (PAI) to deliver ATM solutions to the cannabis industry.
"Within the more than 9,000 cannabis businesses currently on the Green Check Connect marketplace, our data shows more than 70% of the $7.8 billion processed over the last 12 months was cash-based," said Kevin Hart, founder and CEO of Green Check. "With cash currency still holding the lion's share of transactions in the cannabis industry, it is imperative to have reliable, trusted integrated ATM cash management solutions that support cannabis operators' growth and success. We're excited to partner with PAI to do just that."
Cannabis payment solutions have been in the news recently with the increasing enforcement of several key restrictions regarding credit card usage, in particular.
"In an environment where operators are uncertain which digital payment solutions are going to be reliable or available, the one constant is cash, meaning a cannabis business cannot have cash disruptions and unreliable ATMs without directly and dramatically impacting their customers and their bottom lines," said David Dove, CEO of PAI, Powered by Brinks. "PAI solutions enable consumers and businesses to have reliable access to cash, real-time visibility to transactions and revenue, as well as comprehensive reporting to meet compliance requirements. We want to create more transparency, normalize the industry, and assure anyone can access cash when needed."
For more information:
Green Check Verified
www.greencheckverified.com