It may have taken six years, but but B2B cannabis platform LeafLink just crossed the $1 billion transaction threshold as its payments solutions, like the cannabis industry itself, continue to mature and grow. According to the company’s Wednesday (Sept. 21) press release, LeafLink now provides...
It was a busy week for B2B venture capitalists who spread their wealth amongst a wide range of B2B FinTechs, with investments totaling more than $164 million. Backers placed the spotlight on everything from B2B eCommerce, to supply chain optimization, to Banking-as-a-Service, but human resources...
People can say what they will about the wisdom of legal retail sales of marijuana (we here at PYMNTS take no position), but the payments knot that the cash-dominated industry is dealing with is leading to some improvisation, and even government-backed experimentation. The latest example...
In a way, watching the emergence of legal retail marijuana in North America is like watching someone grow up. Not really a toddler or baby — even black-market sale of recreational and medicinal pot took on many traits of legitimate retail — but more like a once...
June 21, 2019
People can say what they will about the wisdom of legal retail sales of marijuana (we here at PYMNTS take no position), but the payments knot that the cash-dominated industry is dealing with is leading to some improvisation, and even government-backed experimentation. The latest example of that, a closed-loop payments effort in Nevada, comes amid […]
August 30, 2023
In a significant development for the cannabis industry, U.S. health officials have recommended easing restrictions on cannabis and reclassifying it as a Schedule III drug under the Controlled Substances Act. The move could open the door to more cohesive payments systems in the sector. Currently, cannabis is classified as a Schedule I substance, which implies […]
June 16, 2019
The legal retail cannabis industry keeps on growing, and further evidence of that reportedly comes from LeafLink. The eCommerce wholesale marketplace, according to The Motley Fool, said that “$1 billion...
