PowerQwest
What's the deal with cashless ATMs for cannabis?
Cashless ATMs are POS devices that mimic ATMs and can land merchants in trouble as they violate network rules.
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PowerQwest
- Jan 24
- 4 min
Don’t Take Chances. Partner with PowerQwest for 100% Compliant ATMs
Payments in the cannabis industry are confusing. Jim Krawczyk discusses the ATMs, cash and regulations with LeafWire.
6 views
PowerQwest
- Dec 11, 2022
- 2 min
Cashless ATM Crackdown Leaves Cannabis Shops Scrambling
Dispensaries are returning to cash after a variety of processors turned off “cashless ATMs” following defeat of the SAFE Banking bill.
14 views
PowerQwest
- Jul 20, 2021
- 3 min
Why Cashless ATMs are the Next Target of Federal Enforcement
Cashless ATMs are illegal in cannabis dispensaries. MasterCard, Visa, American Express will not support any cannabis transactions.
62 views
PowerQwest
- Jul 8, 2021
- 1 min
Why Cannabis Dispensaries are Choosing PowerQwest's Full-Service ATMs
If you are looking for a full-service cannabis ATM provider with nationwide service, that will keep you compliant, PowerQwest is the answer.
43 views
PowerQwest
- Jun 21, 2021
- 1 min
California businessman gets 2½ years for bank fraud in $150M pot processing scheme
A California businessman was sentenced to 2½ years in prison for his role behind a scheme that duped banks into processing cannabis purchase
25 views
PowerQwest
- Apr 20, 2021
- 2 min
House of Representatives approves cannabis banking bill
The U.S. House of Representatives passed legislation that would allow banks to provide services to cannabis companies
7 views
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