Changes in state laws around the possession, sale, and use of cannabis have brought a new category of retail out from the underground economy. As entrepreneurs have moved to seize the opportunities in this new industry, their ability to accept and make payments are hampered by federal laws.
In the latest episode of our podcast, we talk with Annie Nagle, the Chief Operating Officer of Verdant Medical, a cannabis start-up in Massachusetts. We discuss the challenges of both accepting and making payments created by state and federal laws. In addition, we discuss the challenges of paying employees, and how the cannabis industry may provide opportunities to people who have been shut out of employment.
This year’s Power of Prepaid will feature a panel on cannabis payments and will be held April 8-10, in Washington DC. You can register here.
Learn more by listening to our podcast here, or wherever you get your podcasts. Don’t forget to subscribe and leave use a review.
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