POLN8 Partners With Benzinga Events To Release 2023 Cannabis Payments Report

POLN8, the all-inclusive loyalty technology company that offers reliable, robust and intelligent solutions for businesses large and small powered by 420Financial, has partnered with Benzinga to compile the 2023 Cannabis Payments Report.

The report was released Wednesday following the successful 2023 Benzinga Cannabis Capital Conference at the Fountainbleau Hotel in Miami Beach, Fla. the week of April 11-13. After inviting 5,000 cannabis industry business owners and professionals to provide feedback on their top payment types and experience accepting them, the report is ready.

“As cannabis commerce continues to evolve, so too do payment options for businesses and consumers alike,” the report states. “We found it crucial to gather information around payment type acceptance and interest levels with each method.”

Tom Epstein, CEO of Stein House Holdings, the parent company of POLN8 and 420Financial shared findings from the report while moderating one of the Benzinga conference panels, “The Future is Cashless: How Cannabis Businesses Can Adapt to the Next Payments Frontier.”

POLN8 helps build customer retention and implement referral features to grow its customer base in areas where loyalty and rewards programs are permitted for cannabis dispensaries. The POLN8 platform accepts a wide variety of payment types, from ACH transfer, debit and crypto payments to POLN8's own Private Label card for cannabis businesses. In addition, customers can load money into their virtual wallet directly through the POLN8 app.

“As the cannabis industry continues to grow, it’s more important than ever to help make business models and payment processes as streamlined and sustainable as possible,” said Epstein.

Click HERE to access and download the 2023 Cannabis Payments Report.

More About POLN8

Originally the FPN Loyalty program for 15 years, the POLN8 platform was spun off as its own entity to more deeply reimagine what loyalty should be. POLN8 rewards consumers through unique automated posts and features and has helped clients gain 17% higher average tickets and 50% higher frequency of visits. POLN8 has also rewarded its clients' customers by turning them into promoters and influencers of brands by boosting customer acquisition. POLN8 is currently being used in thousands of locations worldwide by over 32 million consumers.