CanPay Now Available At More Than 1,000 Cannabis Dispensaries

CanPay, a legitimate payment network for cannabis retailers and consumers, is now available at more than 1,000 participating merchant locations in 31 states across the U.S.

CanPay's app allows consumers to pay for purchases at cannabis retailers with a simple debit from their checking account using the automated clearing house network. Merchants with a compliant bank account at a CanPay-approved financial institution may join the CanPay network quickly and easily.

Hundreds of financial institutions now bank the cannabis industry, with compliant services available in all state legal markets. CanPay recently exceeded $750 million in transparent transactions in states where cannabis is legal.

"As more states come online in 2023 with legal recreational and medicinal sales – and as more and more financial institutions are choosing to bank the cannabis industry – we're excited to be able to serve even more consumers with fast, free, safe transactions. We're especially proud to be available at more than 1,000 shops nationally, after starting with just three in the Denver area almost seven years ago," stated Dustin Eide, CEO of CanPay. "Transparent, simple, low-cost payments are a must in the cannabis industry, and our continued adoption speaks to the strengths of our solution."

The app's proprietary Purchase Power tool creates custom spending limits, with a maximum daily customer spending limit of $5,000, according to the company it is the highest advertised spending limit in the cannabis industry.

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Photo: Benzinga edit with photo by Kindel Media on Pexels

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