Navigating Unconventional Waters: Small Business Funding in Alternative Industries

The backbone of the economy, small businesses, are often associated with the heartbeat of innovation, braving new industries. But as beneficial as their influence can be, the financial landscape can seem more like quicksand than solid ground, particularly for those in alternative industries. In this insightful exploration, we uncover the strategies small business owners in these industries can employ to secure the funding they need to grow and sustain their ventures.

Understanding the Unique Challenges

From creative startups to eco-conscious endeavors, small businesses in alternative industries often face funding challenges that are not only steep but also specific to their unconventional nature. The lack of historical data, unpredictable market behaviors, and higher risk perception from traditional lenders can create significant barriers.

Unconventional Ventures vs. Traditional Funding

Unlike more mainstream companies, alternative businesses might find existing funding routes closed to them. Venture capitalists and conventional bank loans often favor the familiar, which can leave entrepreneurs in unconventional spaces in the lurch.

Navigating Risk Perception

Perception is reality in the world of finance. Small businesses in alternative industries face a battle of narratives; they must prove their worth against prejudices assumed from the status quo.

The Funding Landscape for Small Business

While the path to funding may seem treacherous for alternative industry businesses, it’s by no means impassable. There are numerous funding options that cater to the specific needs of small businesses that dare to be different.

Alternative Funding Routes

The rise of alternative funding sources such as online lenders, community development financial institutions, and peer-to-peer lending platforms has offered a lifeline to businesses outside the norm.

Investor Opportunities

For more established businesses, gaining investment from individuals who align with the company’s mission and vision can be a game changer. Angel investors and strategic partners can bring not just capital, but also expertise and networks to the table.

Crafting the Perfect Pitch

Securing funding is as much an art as it is a science. Businesses must hone their ability to effectively communicate their value proposition to potential funders.

Clarity in Mission and Vision

Investors and lenders are more likely to back a business that is crystal clear about what it does and why it matters. A compelling mission and vision are foundational to a successful pitch.

Data-Driven Storytelling

While unconventional businesses may lack a long financial history, they can lean on data and evidence to support their claims. Market research, customer feedback, and early traction all serve as valuable storytelling components.

Highlighting Social and Environmental Impact

Businesses in the alternative space often boast strong social or environmental impacts. This narrative can be a powerful tool in attracting funders who place value on purpose-driven companies.

Leveraging Technology and Innovation

The digital age has ushered in a wealth of tools and resources that can streamline the funding process for small businesses.

FinTech Solutions

Financial technology has dramatically democratized the funding process. Alternative credit scoring models and online application processes can make it easier for alternative businesses to secure the financing they need.

Crowdfunding

Online platforms for crowdfunding have given rise to a new way for small businesses to access capital. Entrepreneurs can directly appeal to a community of supporters who are aligned with their mission and eager to see them succeed.

Blockchain and Cryptocurrency

The rise of blockchain technology and digital currencies has presented new funding models. Initial coin offerings (ICOs) and blockchain-based funding platforms provide additional choices for businesses in the alternative space.

The Importance of Professional Advice

Seeking guidance from professionals who understand the intersection of finance and alternative industries can be invaluable.

Financial Advisors with Sector-Specific Expertise

Experienced financial advisors who have worked with businesses in alternative industries can offer deep insights and tailored advice.

Legal and Compliance Counsel

The complex regulatory landscape of alternative sectors requires sound legal and compliance advice. Ensuring that funding strategies align with the law is crucial to long-term success.

Networking and Mentorship

Establishing a network of peers and mentors within the industry can provide access to knowledge and experience that are instrumental in navigating the funding landscape.

Case Studies: Success Stories from the Trenches

Examining real-life examples of businesses that have triumphed in securing unconventional funding can provide illustrative blueprints for others to follow.

The Art of Creative Financing

A case study of a boutique design studio that utilized a combination of grants, pre-sale financing, and angel investment to fund an innovative new product line.

Sustainable Solutions for Financial Growth

An exploration of how a green technology startup leveraged a strategic partnership with a larger company to access funding and scale its operations.

Crowdfunding for Community Engagement

A community cafe that successfully ran a crowdfunding campaign, not just to raise funds, but to engage the local community and build a customer base.

Best Practices for Continuous Financial Growth

Ultimately, securing funding is just the beginning. Businesses must also deploy sound financial management practices to ensure they grow sustainably.

Financial Transparency and Reporting

Maintaining clear and consistent financial records and regularly reporting on financial performance builds trust and credibility with funders and stakeholders.

Continual Evaluation and Adjustment

The business landscape, particularly in alternative industries, is volatile. Regularly evaluating the funding strategy can uncover new opportunities and prevent stagnation.

Multipronged Approach to Funding

Relying on a single source of funding can leave a business vulnerable. Diversifying funding sources spreads risk and can lead to more robust growth.

Conclusion: Charting a Course to Success

In the dynamic world of business, alternative industries have the potential to lead the way. With a clear understanding of the funding options available and a strategic approach, small businesses in these sectors can not only survive but also thrive. By assembling the right team, leveraging technology, and telling an impactful story, entrepreneurs can turn the tides in their favor, securing the funding they need to realize their vision.

For small business owners in alternative industries, the road to funding may not be straightforward, but it is rich with opportunity. With determination and the right guidance, these businesses can find the capital they need to grow their operations and make a lasting impact.

Navigating the Green Wave: The Current State of the Cannabis Industry in the United States

The cannabis industry in the United States is evolving at an unprecedented pace. With changing laws, burgeoning markets, and innovative technologies shaping the landscape, it’s a thrilling time for business owners looking to venture into or expand within this green wave. This blog post aims to unpack the current state of the cannabis industry, highlighting the challenges, opportunities, and future prospects business owners should be aware of.
The Growth Trajectory
The legalization of cannabis, both for medical and recreational use, has been a significant driver of industry growth. Currently, medical marijuana is legal in 36 states, while 18 states, along with the District of Columbia, have legalized cannabis for adult recreational use. This wave of legalization has not only opened up new markets but also legitimized cannabis as an industry, encouraging investment and innovation.
Financially, the numbers are staggering. According to New Frontier Data, the legal cannabis market in the U.S. is projected to grow to $41.5 billion by 2025. This growth is fueled by increasing consumer acceptance, product innovation, and the expansion of legal markets across the country.
Challenges on the Horizon
Despite its rapid growth, the cannabis industry faces significant challenges. At the federal level, cannabis remains classified as a Schedule I drug under the Controlled Substances Act, creating a complex legal landscape for businesses to navigate. This federal prohibition affects everything from banking services to interstate commerce, often forcing businesses to operate in cash and hindering their ability to scale.
Additionally, the regulatory environment is highly fragmented and constantly evolving, making compliance a moving target for businesses. State-level regulations vary widely and can change quickly, requiring constant vigilance and adaptability from business owners.
Opportunities Abound
Amid these challenges, there are abundant opportunities for those willing to navigate the complexities of the industry. The ongoing trend of legalization presents a clear opportunity for market expansion. Each new state that legalizes cannabis opens up a new frontier for businesses, complete with a fresh customer base eager to explore legal cannabis products.
The industry is also ripe for innovation. From cultivation and extraction techniques to product development and delivery methods, there’s a demand for businesses that can bring new ideas and technologies to the table. Furthermore, the ancillary market – which includes everything from legal services and marketing to technology solutions and packaging – offers a broad playground for entrepreneurs not directly involved in cannabis production or sales.
Consumer education and experience are other areas ripe for exploration. As the market grows, so does the need for educating consumers about cannabis products, their uses, and their effects. Businesses that can effectively engage and educate their customers while providing high-quality, consistent experiences are likely to build strong brand loyalty and stand out in a crowded marketplace.
Looking Ahead
The future of the cannabis industry in the United States is bright, albeit uncertain. Business owners must stay informed about legal changes, market trends, and consumer behaviors to adapt and thrive in this dynamic environment. Advocacy for more sensible cannabis policies at the federal level could also play a crucial role in shaping the industry’s future direction.
For business owners, the cannabis industry offers a unique blend of challenges and opportunities. Those who approach it with a clear understanding of the regulatory landscape, a commitment to compliance and quality, and a willingness to innovate will be well-positioned to succeed in this burgeoning market.
The cannabis industry’s green wave is far from reaching its peak, and for business owners, there’s no better time to jump in and ride its towering swell. Whether you’re a cultivator, retailer, product innovator, or service provider, the cannabis industry presents a landscape rich with potential for growth, impact, and entrepreneurial success.

Federal Regulators May Loosen Marijuana Restrictions and Boost Cannabis Industry

American Cannabis Investors

With the U.S. Department of Health and Human Services (HHS) officially recommending cannabis be moved from a Schedule I drug to a Schedule III drug, the cannabis industry is one step closer to alleviating interstate commerce and tax concerns.

The recommendation comes after President Joe Biden said his administration would review the federal scheduling of marijuana, and provides a sign that the top health agency no longer considers cannabis to be a drug with high abuse potential and no medical value.

HHS recommended to the U.S. Drug Enforcement Agency that cannabis be moved to Schedule III of the Controlled Substances Act. As a Schedule III drug, cannabis would still be illegal under federal law, but the change would ease some restrictions presently imposed on the cannabis industry and represent an important step toward full legalization.

HHS conducted a scientific and medical evaluation of the drug. Marijuana has been listed alongside heroin and LSD as a Schedule I drug, which includes substances with a “high potential for abuse and no real medical value.” As a Schedule III drug, cannabis would be listed alongside drugs like anabolic steroids, having a low risk of abuse and legitimate medical value.

Experts believe the DEA review will likely be complete before the next presidential election in 2024.

Even if moved to Schedule III, cannabis will still be illegal federally, despite being legal in 39 states for medical use and 23 states for recreational use. Cultivating, producing and selling will be illegal under federal law.

But the move would loosen several restrictions, to the benefit of the legal (in states) industry. For one, cultivators, processors and retailers would be able to write off expenses on their federal tax forms – a practice that is currently prohibited and contributes to high tax rates.

Cannabis operators also would be able to transport product across state lines for sale. Interstate commerce is illegal for Schedule I substances, but not Schedule III drugs.

Banking restrictions, however, would remain in place.

For many in the industry, even rescheduling cannabis as a Schedule III drug is insufficient. Industry advocates want the drug descheduled entirely, removing it from the Controlled Substance Act and likening cannabis to alcohol.

See the full article here

Dynamic Alternative Finance, a renowned intermediary of capital solutions in the cannabis industry for over 10 years, is thrilled to announce its successful facilitation of a US $25 Million Loan for a publicly traded Multi-State Operator.

This collaboration marks a significant milestone in the cannabis industry, showcasing the ongoing growth and maturation of the sector as financial institutions recognize the tremendous potential and stability within the market. Dynamic Alternative Finance has been at the forefront of enabling such partnerships, leveraging its expertise and experience to bridge the gap between cannabis operators and traditional banking institutions.

“We are proud to have facilitated this landmark agreement, said Elizabeth Morris, CEO at Dynamic Alternative Finance. “This partnership showcases the increasing confidence of established financial institutions in the cannabis sector and demonstrates our commitment to supporting the growth and success of cannabis operators.”

The borrowing company has consistently demonstrated its dedication to quality, innovation, and responsible operations within the cannabis industry. The company’s portfolio encompasses a diverse range of cannabis products, including flower, edibles, concentrates, and more. With the infusion of capital, the company has been able to restructure a significant amount of debt, which will help them to be better-positioned to expand its operations, pursue strategic acquisitions, and explore new market opportunities.

Dynamic Alternative Finance remains committed to providing comprehensive capital solutions and advisory services to cannabis operators, fostering sustainable growth and development within the industry. By forging strategic partnerships with leading financial institutions, Dynamic Alternative Finance continues to play a pivotal role in driving the evolution of the cannabis sector.

About Dynamic Alternative Finance:

Dynamic Alternative Finance is a trusted provider of capital solutions and advisory services to the cannabis industry. With over 10 years of experience, the company has been at the forefront of enabling cannabis operators to access the financial resources needed to grow and thrive in a highly regulated market. Dynamic Alternative Finance leverages its industry expertise and extensive network of partners to provide customized financing solutions, strategic guidance, and investment opportunities.

 

Calculating The Cost of Starting A Cannabis Dispensary Business

Calculating The Cost of Starting A Cannabis Dispensary Business

The Cost of Starting A Cannabis Dispensary Business:

Opening a cannabis dispensary can be an exciting and potentially profitable venture. However, understanding the costs involved is crucial to ensure a successful launch and sustained operations. In this comprehensive guide, we will merge the insights from three authoritative sources to provide you with a powerful overview of the expenses associated with starting a cannabis dispensary. By considering all the essential factors, you’ll be equipped to develop an accurate budget and secure the necessary funding for your business.

Let’s take a look at some of the business activities that cost the most.

Cannabis Licensing, Permits, and State Application Fees

When opening a cannabis dispensary, you must consider the cost and associated fees to ensure compliance and allocate the appropriate funds for both state and local licenses and permits. State application fees vary significantly, so it is essential to comply with your state’s requirements. The services of a cannabis consultancy firm experienced in navigating the cannabis licensing process may prove to be a valuable investment. Additionally, many jurisdictions impose additional city or municipal licensing requirements.

Cannabis Compliance Consultancy and Legal Fees

The cannabis industry is heavily regulated, and compliance with local, state, and federal laws is imperative. Engaging legal counsel or compliance consultants to navigate the complex regulatory landscape is highly recommended. Factor in the costs associated with legal fees, compliance audits, and ongoing legal support to ensure your dispensary operates within the bounds of the law.

Cannabis Financing: Private Bank or Credit Union?

Neither. While every state where cannabis is legal offers banking options for the industry, it is important to note that the costs associated with these accounts are often higher compared to traditional business bank accounts. Furthermore, banks generally refrain from providing loans to the cannabis industry. Therefore, if you need to acquire debt financing for your dispensary, be prepared for a higher cost of capital from private sources that specialize in lending to the industry. We recommend Dynamic Alternative Finance for your cannabis financing and loans.

Real Estate and Cannabis Facilities

Securing a suitable retail space is vital for a cannabis dispensary. Factors such as location, size, and compliance with local ordinances play a crucial role in determining the cost. Additionally, renovating the space to meet regulatory standards and implementing proper security measures can add to the expenses. Properly assessing these costs will help you create a realistic budget for your dispensary’s physical establishment.

Cannabis Inventory and Equipment

Stocking your dispensary with a diverse and high-quality inventory is essential to attract and retain customers. Costs for purchasing cannabis products, accessories, and paraphernalia can vary based on the range and quality of products you wish to offer. Additionally, investing in equipment such as display cases, point-of-sale systems, security systems, and compliance software is necessary but can also impact your startup budget significantly

Staffing and Cannabis Industry Training of Employees

Hiring and training knowledgeable and qualified staff is critical to the success of your dispensary. Consider the costs associated with recruiting, training, and compensating employees, including any specialized training required in the cannabis industry. Background checks, ongoing education, and compliance training should also be factored into your budget.

Cannabis Business Marketing and Advertising

After all, you have to sell the product. Effectively promoting your dispensary is essential to attract customers and build brand awareness. Developing a comprehensive marketing strategy that includes online advertising, social media campaigns, print materials, and community outreach requires careful budgeting. Consider the costs of hiring marketing professionals or agencies, as well as expenses related to branding, website development, and ongoing marketing efforts.

Insurance and Cannabis Business Risk Management

Safeguarding your business from potential risks is essential. Cannabis-specific insurance policies, such as product liability, property insurance, general liability, and workers’ compensation, protect your dispensary and its assets. Consulting with experienced cannabis business insurance brokers will help you understand the coverage needed and budget for the associated costs.

Cannabis Dispensary Security Measures

The highly important cost of a security system cannot be ignored, particularly for cash-based businesses. However, the location of your dispensary may have specific regulations regarding security system installations. It is advisable to engage an experienced security provider in your area and obtain multiple cost estimates.

So what does opening a new cannabis dispensary cost?

Again, between $200k to $5M. Calculating the cost of opening a cannabis dispensary requires a comprehensive analysis of various factors. Contact Dynamic Alternative Finance to get a clear idea of your business costs. Take the time to research and budget for licensing fees, real estate, inventory, staffing, marketing, compliance, legal fees, and insurance. With a thorough understanding of these costs, you can create an accurate budget and secure the necessary funding to successfully launch and operate your cannabis dispensary. Best wishes!

A Bright Future: How Cannabis Funding Is Changing The Landscape

1. Introduction

The legal cannabis industry is growing at an unprecedented rate. In 2018, legal cannabis sales reached $10.9 billion in the United States and are projected to grow to $33.6 billion by 2023. This rapid growth is attracting a lot of attention – and investment.
Cannabis companies are now able to access capital through traditional channels, such as venture capital and private equity, as well as through the public markets. This influx of capital is providing the resources necessary to create a vibrant and thriving industry.
In this article, we will take a look at how cannabis funding is changing the landscape and what the future holds for the industry.
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2. A brief history of cannabis in the US

The history of cannabis in the United States is long and complex.
Cannabis was grown and used by indigenous peoples for industrial and medicinal purposes for thousands of years before it was first introduced to Europeans in the early 1600s. It was then brought to what is now the United States in the 1700s, where its use was quickly adopted by farmers and other colonists.
During the 1800s, cannabis was used for a variety of industrial, recreational, and medicinal purposes, including for rope, sailcloth, paper, and even some medicines. However, its use began to be criminalized in the early 1900s due to attempts by progressive reformers to crack down on drug use and abuse.
In the mid-1900s, the U.S. government created the Controlled Substances Act, which made the recreational use of cannabis illegal, labelling it as a Schedule I substance. However, cannabis’ use for medicinal purposes was still relatively commonplace in certain states until the 1990s.
Since then, the legal cannabis industry has been steadily growing, with more and more states legalizing cannabis for both medical and recreational use. The rapid growth of the industry is making it easier for companies and investors to access the capital they need to expand and develop new products and services.

3. The rise of cannabis funding

Cannabis funding has been rapidly increasing over the last few years, as the legal cannabis industry has seen significant growth. This is due, in part, to the legalization of recreational cannabis across numerous states in the US, as well as the expansion of the potential medical applications of cannabis. As a result, investors have been increasingly interested in investing in the cannabis industry, which has caused the market to expand significantly.
In 2019, the total cannabis funding amount reached a record high, with over $13.3 billion invested in the industry. That figure has more than doubled in 2021, with a total of $28.3 billion raised. The majority of this funding came from venture capital, but more and more corporate and institutional investors are beginning to pour money into the cannabis industry, making it one of the most promising and fastest-growing markets in the world.
This influx of capital has enabled cannabis companies to fund the development of their products, acquire new technologies, and expand their businesses. It has also allowed investors to diversify their portfolios by investing in the cannabis industry, creating a dynamic and exciting market with enormous potential.

4. How cannabis funding is changing the landscape

Cannabis funding is creating new opportunities and possibilities in this industry. It is helping cannabis companies expand their reach, develop new technologies, and expand their businesses in new and innovative ways.
It is also creating exciting career and investment opportunities for people interested in the cannabis industry. As cannabis businesses continue to secure more funding and expand into new markets, more and more people are becoming interested in investing in cannabis companies and taking advantage of the opportunities that arise from the cannabis industry.
Finally, cannabis funding is driving research and development in the cannabis industry. Companies are investing in research to understand the effects of cannabis and its potential therapeutic uses, leading to numerous new products and treatments that could help improve the overall health and well-being of people around the world. These developments could have far-reaching implications for the industry, allowing for the development of products that have the potential to improve people’s lives in meaningful ways.

5. The benefits of cannabis funding

Cannabis funding is bringing a number of benefits to the industry. It is allowing cannabis companies to invest in research, development, and expansion to tap into new markets and leverage new technologies. It is also creating job and investment opportunities as more people are becoming interested in the industry.
Moreover, cannabis funding is helping shape the regulatory landscape by driving more research into the effects of cannabis and its potential therapeutic uses. This is creating more advocacy for the cannabis industry, helping to de-stigmatize cannabis and potentially unlocking new markets for cannabis products and services.
Lastly, the influx of cannabis funding is allowing for the development of new products and treatments, which could help improve the overall health and wellbeing of people around the world. This could lead to revolutionary products, treatments, and services, with the potential to revolutionize the industry and create opportunities for cannabis entrepreneurs and investors.

6. The challenges of cannabis funding

While cannabis funding is bringing many benefits to the industry, it is also presenting a few challenges. First, current regulations make it difficult to raise capital without going through a lengthy and complicated process. This can make it difficult for smaller companies to compete with more established firms.
Second, cannabis companies may have difficulty accessing traditional financing methods due to the uncertain regulatory environment and lack of universal banking services. This could create an uneven playing field and make it harder for entrepreneurs and investors to get the funding they need.
Third, since the industry is still relatively new, investors are exposed to numerous risks and uncertainties. This may make cannabis funding less appealing to some potential investors, despite the potential rewards.
Finally, there is the issue of taxation. Cannabis companies face numerous taxes and regulations, which can make it difficult for them to remain competitive and attractive to investors. This can make it hard to attract the capital needed to fund growth.

7. The future of cannabis funding

The future of cannabis funding looks bright, with more and more entrepreneurs and investors entering the industry and more regulatory agencies getting on board. This trend is likely to continue for the foreseeable future, as the legal cannabis industry continues to grow.
In the US, legislation such as the 2018 Farm Bill have opened up new possibilities for cannabis funding, making it easier for cannabis companies to raise capital. Additionally, more US states are legalizing cannabis, leading to increased investment opportunities.
At the same time, more traditional financing mechanisms, such as angel investors, venture capital, and bank loans, are becoming available for cannabis companies. This is likely to open up new opportunities for businesses looking to fund their growth.
Finally, the increasing acceptance of cannabis among mainstream consumers is leading to more companies entering the market. This is paving the way for further investment in the industry, and could potentially lead to new forms of cannabis funding.

Pin Based Debit Programs – A New Way of Cannabis Payment Processing 

Pin Based Debit Programs

If you are connected with the cannabis industry, chances are you are always looking for better ways to accept payments. It seems the industry is pushed back by two steps for every step forward.  A new way of cannabis payment processing is pin based debit programs.

Federal Government regulations have pushed the industry towards an unstable payment environment. It has opened illegitimate payment gateways that put all the stakeholders at risk. 

The federal government has a clear stance that it will not put up with any illegal payments. It needs to be legitimate, transparent, and compliant. Major payment platforms are using AI to spot accounts connected to cannabis businesses. Such accounts or contracts are immediately terminated. They may also be required to pay fines or penalties, if applicable.

MasterCard forbids this behavior. It monitors terminals and transactions as they are discovered or reported. It is not to say that all “cashless ATMs” are being shut down. There may be some sponsor banks that support the program. Even so, thousands of these machines will soon stop processing payments. 

Let’s first look at cannabis retailers willing to accept credit card payments.

Why Even Accept Credit Cards For Cannabis Purchases? 

All cannabis-related businesses ought to function like other businesses. This includes the ability to accept debit and credit cards.

Here are some reasons that justify card payments: 

Increased Sales: It is well-known that customers spend 25–35% more when they pay with credit or debit cards.

Boost Safety: Operating in large amounts of cash makes the cannabis industry a target for burglaries, putting employees and patrons in danger. Cashless transactions help mitigate some of this risk.

Save Cash: Fees for handling and depositing cash mount up quickly! Banks prefer electronic transactions. When you accept credit cards, the money from the sales is immediately deposited into your company’s bank account. Safe, easy, and quick. 

Move Ahead of The Competition: Customers prefer to pay by card. You can beat the competition when they are still operating on a cash-only basis. 

No Obstacles to Sales: Your customers won’t need to create an account or give sensitive information to an app if you use legitimate solutions.

Dynamic Alternative Finance, through a provider partnership, is now offering a legitimate and transparent solution to all these problems – Pin-Based Debit Card Programs!

Processing PIN Debit Payments for Cannabis 

Pin Based Debit Programs

Your customers can pay for their purchases at the POS using their ATM or debit cards. PIN based debit payment processing for cannabis is a dream come true for this business. 

When a pin based debit transaction is processed, an electronic funds transfer transaction for the precise purchase amount is created over the debit network. 

It is a fantastic way for dispensaries and cannabis delivery services to accept payments. But PIN Debit and Cashless ATMs are often confused or viewed as the same.

What Makes PIN Debit So Fantastic? 

Our compliant PIN Debit program is a significant step in the right direction for the cannabis industry’s fair access to financial services. 

The market’s closest thing to a conventional card transaction is PIN Debit. Like grocery stores, customers choose goods and pay with a debit card. 

Highlights & Benefits:

  • NOT cashless ATM, true PIN debit
  • No application fee and no annual fees
  • No chargebacks
  • No early termination fees
  • No reserves (in most cases)
  • Transactions are for an exact dollar amount
  • No cash handling and costly mistakes
  • Mobile terminals for delivery drivers are available.
  • No need for a delivery person to carry cash
  • Tip line available
  • Increase sales by 25% or more over ATM or cash sales. Next-day funding available
  • Service Fee optional (can be charged to the consumer and rebated back to the merchant monthly)
  • Countertop and mobile terminals are available.

The cost charged to you: 

  • 3% and .35 cents per transaction

You will be one step closer to receiving transparent banking and financial services. Your business will be kept safer, and reporting will be simpler. It will be a win-win situation for you and your customers.

Texas Could Have Marijuana Federal Legalization Reintroduced Bill.

marijuana federal legalizationmarijuana federal legalization

Texas Could Have Marijuana Federal Legalization Reintroduced Bill.

 

Texas cities and counties could choose to legalize adult-use marijuana if a bill recently reintroduced in that state’s legislature becomes law.

While Texas does allow individuals with permission from a doctor to obtain CBD oil. The state has some of the harshest marijuana laws in the country.

See the full article in MJBizDaily here!

 

A new year brings new laws, rules for cannabis business social network

cannabis business social network

New rules for cannabis business:

With the start of a new year cannabis business social network companies across the country. Are tweaking their business models to meet changing laws. Regulations that could affect sales and how they run their operations.

Expanded delivery, new packaging, and labeling restrictions. As well as the introduction of loyalty programs and deep product discounts. Top some of the biggest regulatory shifts underway in 2023.

MJBizDaily explored how these changes will affect businesses in several states with legal marijuana markets, including California, Michigan, Oregon, and Utah, among others.

See the full story here.