The economics of unused gift cards Every year, Americans spend billions of dollars on gift cards. But what happens to the money when the cards aren’t redeemed? The most desired item on wish lists this past holiday season wasn’t a pair of Airpods, a Nintendo Switch, or a Baby Yoda plush toy. For the 13th straight year, the

A Reefer Recession? The forces behind Michigan’s plummeting cannabis prices December 12, 2022 Crain’s Detroit Business By: Dustin Walsh Glacial Farms, a medium-sized marijuana grow operation in the middle of cornfield country between Jackson and Ann Arbor in the village of Manchester, is in a battle — against viscous market forces and unrelenting competition. Product

The $7B Cashless ATM Workaround is Closing Fast December 7, 2022 MG Cannabis NewsBy: Sue Dehnam LOS ANGELES – Dispensaries and delivery services across the country arescrambling for alternatives to replace the popular so-called cashless ATMpayment option that has allowed retail customers to purchase products using adebit card, representing a reported $7 billion in transactions

https://www.congress.gov/bill/117th-congress/house-bill/1996 Passed House (04/19/2021) Secure and Fair Enforcement Banking Act of 2021 or the SAFE Banking Act of 2021 This bill generally prohibits a federal banking regulator from penalizing a depository institution for providing banking services to a legitimate cannabis-related business. Prohibited penalties include terminating or limiting the deposit insurance or share insurance of a

Cashless ATMS at cannabis dispensaries are the industry’s latest disguise against banks BY Amiah Taylor April 1, 2022 at 3:26 PM EDT Cashless ATMS allow cannabis dispensaries to make sales that are disguised as cash withdrawals, a clever maneuver that circumvents banks’ hesitation to handle marijuana-related transactions. The process is simple. Dispensaries intentionally miscode marijuana

Cashless ATMs Have Grown Into a $7 Billion Marijuana Loophole Technology that lets people use plastic to pay for weed is a fast-growing industry. But some methods deceive the banking system, and the profits could go up in smoke. By Tiffany Kary April 1, 2022 at 6:00 AM EDT The McDonald’s in Great Barrington, Mass.,

In every marijuana product’s journey to market, business owners will need to decide whether to build a manufacturing operation from scratch or seek support from a partner. This is where white-label services come in. In the cannabis industry, a white-label manufacturer manages the production of marijuana and hemp products for companies that don’t have their

Setting up a new cannabis processing facility from scratch can be a daunting task. “There’s a myriad of ways that people can go wrong setting up these facilities, from selecting the wrong equipment to selecting the wrong building,” explains Kellan Finney, the co-founder and chief scientific officer of Eighth Revolution, a private intelligence agency serving the

What is CBD? CBD, or cannabidiol, is an active compound extracted from the cannabis plant. It is only one of many chemicals extracted from this plant, but is distinctive in that it doesn’t produce psychiatric symptoms or intoxication. Studies in animals suggest that CBD relieves pain and inflammation, but confirmation from animal studies is lacking.