Get Your FREE Subscription to HQ Magazine!
Canna Aid

A POS Designed for the Cannabis Industry

Tired of being dumped by your merchant service provider simply because you sell CBD and cannabis-related products. POSaBit has your back. The Washington State based financial technology company delivering unique blockchain enabled payment processing and point of sale (POS) systems for cash-only businesses with a focus on the cannabis industry, announced the rollout of its fully compliant mobile payments system for dispensaries across states. POSaBIT’s new handheld device allows for compliant processing of mobile delivery that could be extended across the 25-plus states that currently allow for delivery to medical and, in some cases, recreational cannabis consumers

“Delivery is one of the fastest growing segments of the cannabis industry and an area that many dispensaries are moving toward,” said Ryan Hamlin, POSaBIT CEO and co-founder. “Our fully compliant solution allows businesses to feature a state-of-the-art retail customer experience for both in-store and delivery, while also providing in-depth business analytics and increased revenues for businesses.”

The new payments system moves from requiring an iPad, printer, scanner, and debit terminal to only needing the device and debit terminal. POSaBIT’s all-in-one handheld device includes an Android device, printer and scanner that seamlessly allows dispensaries and affiliated delivery drivers to scan the consumer ID, process the purchase of the product, add a tip for the delivery driver, and print the receipt for the customer.

This easily installed, mobile-operated system will replace POSaBIT’s existing payments solution used in stores and will be rolled out to existing and new customers over the next several months. At half the cost of the previous hardware solution, the new mobile hardware improves businesses’ ability to implement the solution and quickly begin offering it to consumers.

POSaBIT already manages millions of transactions for over 120 dispensaries across Washington, California, Nevada, Colorado, Arizona and Oklahoma.

Recent Articles

THCA has gained substantial attention over the last year due to a loophole in the Farm Bill that has allowed countless hemp companies to sell traditional psychoactive cannabis as a legal hemp product.
If your store needs a jolt, here are 7 items to stock that can help attract new customers and expand your appeal.
As these products become widely used across the nation, people are often asking what the difference is between these intriguing new hemp highs.
As we continue to chart the course through the ever changing waters of the hemp industry, recent legislative and regulatory developments have given rise to both challenges and opportunities for business owners and stakeholders.
Hemp and cannabis beverages are the latest in this consumer-driven quest to find the perfect method of getting the essential chemicals found in the cannabis plant—from the garden to the body, the body to the mind.
The CEO and founder of Ultimate Product Distributors (UPD) was the first to suggest that vaping products should be sold alongside cigarettes. If that seems obvious, well, that’s how the greatest ideas always look in the rearview mirror.
Live pipe-making demonstrations are just one of the ways shop owner Treasure Rose is expanding the idea of what a smoke shop can be.
In a significant victory for the hemp industry, Governor Ron DeSantis has vetoed Senate Bill 1698, which would have imposed stringent regulations on hemp-derived products.