Leading Cannabis Payments Platform CanPay Exceeds Half a Billion Dollars in Retail Purchases
LITTLETON, Colo. — CanPay, the largest legitimate payment network for cannabis retailers and consumers, announced today it has surpassed half a billion dollars in transparent transactions in states where cannabis is legal. CanPay is now used at more than 800 participating merchant locations in 31 states in the U.S. and is accepted by 10 of the top 13 public-company, multi-state operators (MSOs). CanPay provides an easy-to-use app that allows consumers to pay for purchases at cannabis retailers with a simple debit from their checking account. Merchants with a compliant bank account at a CanPay-approved financial institution may join the CanPay network quickly and easily. “Surpassing $500 million in regulated cannabis purchases is a significant milestone for the CanPay network,” said Dustin Eide, Chief Executive Officer of CanPay. “Not only does this validate the desire for transparent, low cost, simple payments in the cannabis industry, it also speaks to the strength of the CanPa...