- Cannabis enters the mainstream as California and Canada legalize adult use
- Cannabis retail sector flourishes to satisfy demand
- Bespoke payment platform provides compliant payment processing to cannabis retailers
Now that Canada, Uruguay, the District of Columbia and nine U.S. states have legalized cannabis for recreational use, if cannabis still cannot be considered to be in the mainstream, there is no doubt that it soon will be. Apart from the jurisdictions that allow adult use in 30 countries around the world, medical marijuana is legally available. This is in addition to the 30 U.S. states and DC that have laws permitting the use of cannabis for medicinal purposes. These legal developments have, naturally, given rise to a flourishing cannabis retail sector, which Net Element, Inc. (NASDAQ: NETE) is supporting with novel payments infrastructure. The global fintech provider has launched a secure and compliant payment-processing platform aimed at the legal cannabis industry (http://nnw.fm/gO3bA).
Products containing cannabinoids, particularly cannabidiol (CBD), which is not usually subject to the same restrictions as delta-9-tetrahydrocannabinol (THC), are now increasingly found in retail outlets other than pot shops or cannabis dispensaries. Availability has spread to natural food stores, beauty salons, cafes and doctors’ offices. Many of these establishments may encounter difficulties because…
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