image courtesy of Posabit
Posabit, a fintech that supplies blockchain primarily based point-of-sale and payment technologies, has entered an agreement with Reef Dispensaries to present the Las Vegas-primarily based cannabis retailer with a compliant debit payment program.
Tryke Cos., the parent of Reef Dispensaries, operates 4 dispensaries in Nevada that serve health-related and recreational cannabis clients and two dispensaries in Arizona that sell to health-related individuals, according to a press release.
“As 1 of the epicenters of the legal cannabis business, with each a big contingency of health-related individuals and a huge tourist footprint, we’re thrilled to companion with Reef Dispensaries as we’re introduced to the Nevada marketplace,” Ryan Hamlin, co-founder and CEO of Posabit, mentioned in the release. “Our totally compliant remedy presents firms like Reef Dispensaries a safe path toward enhanced buyer knowledge and elevated sales.”
Mark Conley, director of retail at Reef Dispensaries, mentioned the capacity to accept debit cards will enable make the company’s checkout approach far more effective.
Subjects: Payments, PCI Compliance, POS / Point of Obtain