August 12, 2019
CUs Try To Solve The Cannabis Cash Conundrum

Pot is legal across several states, illegal nationwide, and cash still dominates transactions. But might CUs offer a salve for at least (some) banking needs?  Separately, Apple gains scrutiny in...

August 07, 2019
Facing Shrinking Market Share, Arizona Iced Tea Co To Sell...

The company that makes Arizona Iced Tea is getting into the marijuana business, according to a report by The Wall Street Journal. Arizona Beverage Company has made a deal with...

August 06, 2019
MTrac Launches Marijuana Payments Platform For Louisiana

The state of Louisiana has entered legal marijuana territory with medical cannabis access beginning this week. As a result, the state has also entered the troubled waters of cannabis banking,...

August 05, 2019
KYB, Shell Companies And Pot Payments Gone Rogue

Fraud comes in many flavors, and a payments-related lawsuit arising from the growing business of legal, recreational marijuana is proof of that point. That new industry is growing, and new...

July 30, 2019
POSaBIT Rolls Out Mobile POS For Cannabis Merchants

FinTech firm POSaBIT is hoping to solve the problem of mobile payments for the fast-growing cannabis industry by delivering a unique blockchain-enabled payment processing and point of sale (POS) system. ...

July 28, 2019
Bitcoin Daily: Some Safeway Stores To Give Bitcoin As Change;...

Initial coin offering (ICO) consultant CoinLaunch will pay $50,000 to settle with the Ontario Securities Commission (OSC). According to the regulator’s website, CoinLaunch was consulted on two ICOs, with both...

July 26, 2019
New Big Tech Attacks, Uber Subscriptions Dominate Week’s News

We at PYMNTS hope you had a terrific week, and that you did not miss any big news from the worlds of payments and commerce. We have you covered in the...

July 26, 2019
Imperial Brands Moves Into Cannabis Industry

Cigarette company Imperial Brands has invested in Canadian cannabis company Auxly Cannabis Group to the tune of £75m ($93.2M USD), according to a report by the Financial Times. The deal,...

July 25, 2019
Barneys Looks To Raise Funds For Bankruptcy

Barneys New York’s bankruptcy filing could come as early as next week, as reports indicate the New York retailer is currently raising financing for said filing. Barneys has been hoping...