420 with CNW – New App Keeps Cannabis Purchases Off Your Credit Card History

November 28, 2018 16:20:26

We reported earlier that Canadians who buy marijuana using their credit cards risk being denied U.S. entry for life. This is because U.S. border agents can invoke their right to look into the purchasing history of an alien who wishes to enter the country before letting that person through. The appearance of marijuana purchases on your credit card statement can therefore give those agents an excuse to declare you inadmissible for life. However, an app has been developed which can get rid of that risk.

The GreenGreen app allows users to purchase cannabis without using their credit cards. The app works like an online-based credit card system, so buyers simply clear their cannabis bills at the end of each month in the same way that they would make payments to settle their credit card debts.

This innovation gives Canadians a chance to consume legal marijuana in their country without fearing that they will be victimized by U.S. Customs and Border Protection (CBP) agents when they need to travel across the border.

The GreenGreen app also enables cannabis consumers to avoid the inconvenience of withdrawing cash from an ATM each time they want to buy marijuana. Remember that the marijuana industry is still largely cash-based since major banks are reluctant to do business with an industry which is still illegal in other markets, especially the U.S. market, where those banks have major operations.

Furthermore, the app reduces the risks associated with carrying cash. For example, one will no longer fear being mugged by opportunistic criminals who want to lay their hands on the cash you are carrying to buy cannabis.

However, customers in Ontario may wait a little longer before they can benefit from the GreenGreen app. This is because the app cannot be used to make online purchases and yet the province enacted laws permitting the sale of recreational cannabis by online stores only.

Nonetheless, marijuana buyers in the U.S. can register and start using the app to buy marijuana in the states where it is legal. Countless marijuana businesses in the U.S. have had to grapple with the risks associated with operating a strictly cash-based business. The app offers a way for cashless payments to be made to and by marijuana businesses.

Cannabis-related companies like Cannabis Strategic Ventures, Inc. (OTC: NUGS) and Canopy Rivers Inc. (TSX.V: RIV) welcome every innovation that makes it easier for the cannabis industry to serve its clients with as few hassles as possible.

More from CannabisNewsWire

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000

For more information please visit https://www.CannabisNewsWire.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

CannabisNewsWire (CNW)
Denver, Colorado
303.498.7722 Office