CEO of CanPay
Dustin Eide is the CEO of CanPay, the first legitimate debit payment platform for the cannabis industry. With a background in payment solutions ranging from traditional retail and ecommerce businesses to banks and technology partners, Dustin looked to the legal marijuana industry and apply his knowledge of the payments space to a new marketplace that lacked access to traditional financial services. CanPay launched in November 2016 and currently serves over 350 dispensaries across eighteen states, making it the largest legitimate payment network for the cannabis industry.
Let’s take a 30,000 foot view of the cannabis payments landscape. What is the legislative and regulatory landscape of cannabis payments right now? Are card payments, ACH, and more available to merchants?