Columbia Care, a New York-based cannabis company with a presence in 12 U.S. states, launched the Columbia National Credit program to broaden payment options for customers. For now, the card is only accepted at Columbia Care dispensaries, though the company is “evaluating opportunities” to extend to the program to other businesses through partnerships. See the […]
Square has launched a new invite-only pilot program that allows CBD cannabis companies to accept credit and debit cards. When asked about the reasons for the launching the new program, which comes after years of refusing to work with CBD companies, the spokesperson said that the company closely watches evolving public policies and strives to […]
Colorado legislators have proposed the creation of local nonprofit financial-service cooperatives—the business equivalent of a credit union—for legal marijuana shops as a way to force federal authorities to finally decide whether the cannabis industry can access critical banking services. While the bill allows the creation of co-ops similar to a credit union, their access to the nation’s […]