Is this process compliant?
Yes. The solution we offer is completely compliant with card brand rules and we also deposit funds compliantly in accordance with state regulation to a MRB (Marijuana Related Business) bank account.
What can my business gain from this service?
By offering different payment options, your company will experience rapid growth. The cash-only option limits your customers’ purchases, depending on how much cash they carry at that moment. Using only cash will also lower the daily risk of theft.
Where is the money held?
All money processing is made in the US, and they are kept safe at FDIC-insured banks.
Who can benefit from these solutions?
Any cannabis merchant with a valid cannabis license selling cannabis in states where it is legal.
What are schedule 1 controlled substances?
Controlled substances are substances or chemicals whose manufacture, possession,
sale, use, and distribution are regulated by law. The Controlled Substances Act (CSA) regulates drugs considered to have a potential for abuse. Drugs in this category are classified into five schedules depending on their potential abuse.
What is needed to fill a prescription for a controlled substance?
To fill a prescription for a controlled substance, a practitioner must determine whether the drug has a medical necessity. The prescription must contain all required information, including the name of the prescriber, the date of initial filing, and the patient's name, practitioner name, and address. It must also include all necessary directions and cautionary statements. Moreover, the dates need to be on the controlled substance.
Why do most cannabis dispensaries and delivery services accept cash only?
Although medicinal marijuana has become legal in many states, recreational marijuana is still illegal in most of them. This makes banking companies unwilling to underwrite the risk involved with cannabis products payment.
How does the application process work?
It is quick and easy. You only need fill our referral application and our banking partners will reach out and walk you through the application process, assisting if you do not already have a MRB bank account to set up compliant processing.
How can I get started?
You can apply on our website or contact us via email or phone call, and we will answer all your questions with pleasure.