Illinois residents now are free to apply for and receive licenses for medical marijuana prescriptions, and the state already has issued about 2,500 for patients with conditions that could be eased by use of the drug. But how can they buy their medications if the state’s limited number of licensed dispensaries can’t take their customers’ debit or credit cards and don’t have a place to provide or stash cash?
Oak Park dispensary owner Brad Zerman is working on finding a solution to this problems in Illinois, following a model he says he studied in Colorado in 2014. His company, Sky Processing, is planning to operate ATMs that can be installed in dispensaries throughout Illinois. These ATMs would be fully legal and solve many of the medical marijuana industry’s financial problems surrounding cash access, transparency and banking compliance.
“We see that we can provide a valuable service,” Zerman said of dispensaries that don’t have relationships with banks that would allow them to operate other ATMs at their stores. “All kinds of businesses have become…reliant on ATMs, now,” he said, pointing out it would be a huge knock against the ability of dispensaries to operate like normal businesses if they couldn’t provide a space for their customers to get cash. [Read more at Reboot Illinois]
Your email address will not be published. Required fields are marked *
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
Comment *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Δ
The legal cannabis industry is thriving in the U.S., reaching its highest-ever number of jobs and sales, a new report shows. Vangst, a cannabis industry job platform, found that at…
Maine is the newest frontier for the illicit marijuana trade, with potentially hundreds of suspected unlicensed grow houses operating in the state, a CBS News investigation has found. It’s part…
Ten years ago this month, Iowa policymakers made it legal to use cannabis for certain medical treatment, marking the start of what would eventually become Iowa’s existing medical cannabidiol program.…
By Tom Hymes Remediation in the cannabis industry has become an increasingly hot topic as the practice has expanded in legal markets throughout the country, and for good reason. Remediation…