CanPay Now Accepted at More Than 1,000 Cannabis Merchant Locations

LITTLETON, Colo., Jan. 18, 2023 /PRNewswire/ — PRESS RELEASE — CanPay, the largest 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 easy-to-use app allows consumers to pay for purchases at cannabis
retailers with a simple debit from their checking account using the Automated
Clearing House (ACH) network. Merchants with a compliant bank account at a
CanPay-approved financial institution may join the CanPay network quickly and

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

“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,” said 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

CanPay is accepted by 10 of the top 13 public-company, multi-state operators
(MSOs). The app’s proprietary Purchase Power tool creates custom spending
limits, with a maximum daily customer spending limit of $5,000, the highest
advertised spending limit in the cannabis industry – and significantly higher
than the amount of cash that a customer can withdraw from an ATM at one time.

“Throughout 2022, CanPay experienced significant highlights – from our
integration as the sole digital payment solution in Seed and Beyond’s advanced
cannabis end-to-end enterprise resource planning (ERP) software to our
availability at a number of dispensaries on New Jersey’s recreational launch
day to our near-full adoption in Florida, where virtually 100% of medical
marijuana patients have the ability to use CanPay,” said Eide. “But
we’re just as enthusiastic for what this year has in store. We’ll be releasing
some exciting new developments over the coming months that will add meaningful
value for our customers and our merchants.”

[Original Source]