CanPay, a payment network for cannabis retailers and consumers, was recently named by the State of Utah's Division of Finance as an approved payment provider for pharmacies selling medical marijuana statewide. With the launch of its mobile payment platform in Utah, CanPay now serves more than 325,000 users at more than 1,150 dispensaries across the United States.
CanPay's app allows consumers to pay cannabis retailers with a debit from their checking account using the Automated Clearing House (ACH) network. The CanPay platform enables consumer payments from more than 14,000 financial institutions. Merchants with a compliant bank account at a CanPay-approved financial institution may join the CanPay network quickly and easily. CanPay's payment solution is built for traditional retailers as well as emerging markets and businesses in highly regulated industries.
As part of CanPay's expansion, the company also reached a major milestone with long-time partner Curaleaf, a provider of consumer products in medical and recreational cannabis.
With the addition of its Utah-based dispensaries, CanPay now officially serves all of Curaleaf's stores in the U.S. Curaleaf customers traveling across the country can now enjoy the same payment experience at every location.
