Cashless ATM Crackdown Leaves Cannabis Shops Scrambling

Cannabis dispensaries in several states are returning to cash after a variety of ATM processors turned off “cashless ATMs” following another defeat of the SAFE Banking bill.

Cashless ATMs, also known as “point of banking” systems, allow customers to use bank cards instead of cash at cannabis dispensaries, giving retailers and their customers more flexibility when processing transactions for cannabis related purchases. 

According to the Bloomberg report, some of the biggest ATM transaction processors including NCR Corp.’s Columbus Data Services, have shut down the ability of cashless ATM transaction processors to use their service. 

Dispensaries in Arizona, California and Massachusetts have all experienced outages, according to Bloomberg News. Large dispensary chains of multi-state operators were also said to be affected. Curaleaf Holdings, which processes around a third of its transactions through cashless ATMs, has told customers at some locations that it is unable to accept bank cards. 

One workaround to the situation is Dutchie’s integrated PIN debit solution which allows dispensaries to accept in-store debit card purchases from customers. 

Visit tinyurl.com/hqnewsatm for the latest news on this evolving situation

Recent Articles

When Steph Sherer founded the ASA in 2002, she never expected she’d still be doing this work more than 20 years later. A recent college graduate living in Southern California, she was also taking a high dose of anti-inflammatories every day for a painful chronic injury. And despite her young age, she was experiencing early onset kidney failure because of it.
Given the popularity of its products, it’s odd that America’s cannabis industry feels so brittle. Smoke shops seem to teeter on the edge of annihilation due to a constellation of government and societal pressures.
Explore the art of flirtatious sales, discover how charm and confidence can close deals successfully, all using the C-Word!
While only two states, Oregon and Colorado, have legalized psilocybin and a few other psychedelics, many other states are nipping at their heels with their own legislation pending.
Believe it or not, some head shops and vape stores have yet to fully realize the benefits of technology. Many brick-and-mortar establishments still follow the “if it ain’t broke, don’t fix it” mentality, and they want to keep it that way.
As the FDA began issuing denials, Vapetasia CEO Chris Finch started planning. He knew the next step was to sue the FDA, but he also knew it would take money, manpower, and risk.
Running a head shop in the modern day doesn’t mean you can’t take advantage of the latest and greatest business tech.
Explore the art of flirtatious sales and discover how charm and confidence can close deals successfully.