Hawaii bans cash in medical marijuana dispensary sales

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Hawaii said it will be the first state to require marijuana sales to be handled without cash, saying it wants to avoid robberies and other crimes involving dispensaries.

Medical marijuana dispensaries in Hawaii won’t be allowed to accept cash beginning Oct. 1 and will require people to use a debit payment app instead. The app is already an option for marijuana transactions in six states, including California and Colorado.

Many marijuana businesses use cash because banks fear cannabis money could expose them to legal trouble from the U.S. government.

The debit app called CanPay uses a Colorado-based credit union, Safe Harbor Private Banking, to facilitate

Hawaii bans cash in medical marijuana dispensary sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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