Cannabis ATMs | PowerQwest Financial

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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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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.

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PowerQwest

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.

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Work in the Cannabis Industry? You Could Make Extra Money with PowerQwest’s Referral Program

If you work in the cannabis industry, you can earn extra money by simply referring dispensaries in need of ATMs and SmartSafes to PowerQwest

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PowerQwest

Visa Warns Against Misuse of ‘Cashless ATMs’ Used by Cannabis Retailers to Skirt Restriction

If you are using cashless ATMs to allow customers to make payments, you may want to take note of Visa's memo.

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PowerQwest

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.

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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.

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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

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PowerQwest

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

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