Cannabis payment company launches mobile service
CanPay is teaming up with Harborside, a medical cannabis dispensary, to offer cashless payment options for deliveries to its 200,000 registered patients. CanPay describes itself as the first legitimate debit payment solution for the cannabis industry in the US, and aims to allow users to simply sign into the mobile app to create a secure payment token, which holds no personal information.

CanPay, which calls itself the first legitimate debit payment product for the cannabis industry, is partnering with Harborside, the leading national medical cannabis dispensary, to provide a cashless payment option for delivery transactions originating from its Oakland and San Jose locations.

Harborside claims it has more than 200,000 registered patients, according to a press release.

When paying for their medicine, a CanPay user signs into the mobile app to generate a secure, single-use payment token that includes no personal identifiable information. The Harborside delivery employee then scans that payment token into their mobile delivery device and the funds for the purchase are transferred directly from the patient's checking account to Harborside's account.

"Patients who rely on cannabis for preexisting medical conditions should not have to be inconvenienced or have their safety put at risk by a cash-only model," said Dustin Eide, CEO of CanPay, in the release. "Delivery is a mainstream solution and payments should be able to keep up with the industry. By partnering with Harborside, we are providing their patients the benefits of more secure, transparent transactions."