Buy cannabis online with paypal

The cannabis industry is one of the fastest growing industries in the United States. Medical or recreational cannabis sales are legal in most states and are expected to exceed $50 million by 2026.



The rapid growth in cannabis sales is expected to be primarily driven by:



More states legalize the sale of medical or recreational marijuana

Additional dispensary licenses are being issued in states that currently allow the sale of cannabis

More consumers are becoming customers of cannabis and Buy cannabis online with paypal

Consumers are increasingly buying cannabis from licensed dispensaries rather than black market sources

Even as the cannabis industry grows in size and size, secure payments to dispensaries remains a challenge.



Cannabis push challenge no. No. 1: Banks

Electronic payments require bank accounts to settle transactions. Until there is widespread availability of cannabis business banking, there can be no reliable electronic payment options.



The problems of the cannabis bank are exaggerated in the media and politics; However, cannabis companies will always have banking problems because cannabis is illegal federally.



The main problem with cannabis banking is related to conflicting state and federal laws. Even state-approved banks rely on federal regulations and institutions to move funds and provide services.



Another big challenge banks face when servicing cannabis businesses is the large amount of cash that cannabis businesses have to deposit. Cash not only creates AML (Anti-Money Laundering) and BSA (Bank Secrecy Act) problems for banks, but also creates a logistical challenge.



Most banks and credit unions serving cannabis businesses are smaller and not equipped to process and store the amount of cash generated by the cannabis business portfolio, and few markets have easy access to a backup vault. federal. And click here to Buycannabis online with paypal

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