Hawaii will be the first state to generate a key push for cashless cannabis payments. In September, Gov. David Ige and state finance institutions commissioner Iris Ikeda said CanPay, via an agreement with Safe Harbor Private Banking, will process sales transactions at retail shops in the state.
CanPay, a debit payment service, provides a payment method beyond cash. It facilitates electronic payments between consumers and retailers in highly-regulated and emerging markets, such as the cannabis industry. Financial institutions apply to be part of the CanPay network and merchants using a bank account at one of those particular institutions can accept CanPay debit transactions from customers that have signed up for any CanPay debit account.
Still “near e-commerce” remains to be the norm in many areas, and it also still offers benefits over bricks-and-mortar including online price comparisons, a wider selection, delivery and ordering online ahead for faster pickup at a dispensary, Brochstein says.
In California, Eaze, Meadow and GreenRUSH Delivery all in a variety of ways connect dispensaries with consumers through the web. Getmeadow.com, as an example, is surely an on-demand directory connecting patients to dispensaries for cannabis delivery. In addition, it operates Meadow MD, a telemedicine platform connecting patients to physicians for online evaluations for buy marijuana in USA with bitcoin.
In 2016 Getmeadow launched Meadow Platform, a software-as-a-service platform for California dispensaries to offer cannabis retail sales and delivery. It contains tools for inventory management, analytics, on the web and mobile ordering, delivery tracking and logistics, compliance and patient intake.
Eaze, meanwhile, which launched in 2014 and bills itself as a marijuana technology company, connects cannabis product brands, dispensaries and doctors to customers using the web through its site and app.
To make use of the service, a consumer must register together with her email and phone number and submit an image of her ID to ensure her age. Eaze then texts her back once approved and she could order her goods for delivery, although she must pay if the product is delivered. The service, which started for medical marijuana users, connecting consumers with doctors and offering online medical forms, says it offers amassed 350,000 users in California. A comparable service, called GreenRUSH, also collects payments on delivery.
Marijuana delivery is popular among fans of the herb. In the Eaze Insights: 2017 State of Cannabis data report released today, Eaze says it delivered marijuana every 10 seconds in 2017, a 200% increase over 2016, when it was delivered every thirty seconds. The report is based on market research of 15,000 consumers and Eaze’s database of 350,000 consumers. An Eaze spokesman says it’s too early for Eaze to talk about data on purchases through its site since cannabis was was created legal for recreational use within California on Jan. 1 .
“After Californians voted for adult [recreational] use within November 2016, many consumers shifted their mindset and have become more available to using cannabis to enhance their everyday lives,” says Jim Patterson, CEO of Eaze. “Americans have grown to be better educated concerning the wellness benefits offered by cannabis. As prohibition ends as well as a new era of marijuana emerges in 2018, we’ll see increased awareness drive diverse product adoption among new groups of people and then change lives for your better.”
“When federal law changes, this can alter the game entirely,” Canto says. “At that point, the distribution side of the industry should come out and flourish.” Federal law still prohibits marijuana sales.
The patchwork of marijuana laws, however, doesn’t stop the growers and sellers from sharing details about their goods. Cannabis sellers can market their goods online via marketplaces including MassRoots. The cannabis rfvtdy has greater than 1.5 million app downloads as well as its website has hundreds of thousands of page views every month, says a MassRoots spokeswoman. Consumers can see prices, find dispensaries near them, read reviews on different cannabis strains, and study which symptoms the plant aids, including back problems, nausea or epilepsy.
“If it were legal to market cannabis on the web and ship it, it could start a whole new revenue channel and likely significantly accelerate our growth,” the MassRoots spokeswoman says.
While the National Cannabis Industry Association’s West is sure businesses would like to sell products straight to consumers online, the cannabis sector is extremely regulated and the majority of the association’s customers are centered on other priorities. Those priorities include legalization, taxation easement, open banking access for proceeds-as currently there is not any law protecting financial service businesses that provide services to marijuana-related legitimate business and lots of cannabis sellers have trouble receiving and maintaining use of accounts-and clear digital marketing rules, she says.