Two leading cannabis technology companies announced a partnership that will make it easier for consumers to renew their medical cannabis recommendations in existing state-legal markets. The partnership is between CanPay, the largest legitimate payment network for cannabis retailers and consumers, and NuggMD, the largest telehealth platform for cannabis.
Under the partnership, CanPay's consumer users who live in Pennsylvania will receive a 50% discount on medical cannabis recommendations when they renew using NuggMD's platform. The companies intend to soon apply it or a similar discount to patients in other states.
This discount is the first offering in the CanPay Member Benefits program, which provides unique, exclusive discounts to CanPay users. In addition to the Member Benefits program, the payment network launched a rewards program in 2023 that allows users to win CanPay Points, which can be used to discount future purchases. To date, consumers have received more than $700,000 in CanPay Points.
CanPay's easy-to-use app allows consumers to pay cannabis retailers with a simple debit from their checking account using the Automated Clearing House (ACH) network. 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.
"The CanPay network is both large enough and diverse enough that other leading companies are finding significant value in providing exclusive discounts to our customers. We're kicking off our Members Benefit program with NuggMD, which provides valuable services to medical marijuana patients across the U.S.," said Dustin Eide, CEO of CanPay. "We plan to continue to offer new and exciting benefits to our customers through unique partnerships with companies that they know and love."
Through this partnership, CanPay consumers in Pennsylvania will receive a code via the CanPay app to enjoy a 50% discount when renewing their medical cards through NuggMD. The exclusive benefit is expected to run through the end of January 2025.
"We are committed to making medical cannabis recommendations easy and simple to secure because we believe that most cannabis use is rooted in wellness. Our partnership with CanPay reflects that commitment," said Bobby Brock, vice president of marketing at NuggMD.
CanPay is accepted by 10 of the top 13 public company, multi-state operators (MSOs). The app's proprietary Purchase Power tool creates custom spending limits, with a maximum daily customer spending limit of $5,000. That's the highest advertised spending limit in the cannabis industry—and significantly higher than the amount of cash that a customer can withdraw from an ATM at one time.
