Cannabis

As the canvas of the cannabis industry continues to expand across legal landscapes, pinpointing the pulse of cannabis market trends has never been more essential. With the legal status of cannabis evolving globally, understanding the cannabis consumer demographics, industry trends, and consumer data is paramount for stakeholders aiming to navigate this burgeoning market. This industry […]

In the rapidly evolving landscape of eCommerce, the importance of chargeback protection cannot be overstated. As businesses increasingly move online, the threat of fraudulent chargebacks grows, posing a significant risk to profitability and operational smoothness. Effective chargeback protection not only shields businesses from unwarranted financial losses but also enhances their reputation by securing transactions and […]

Dispensary security is crucial in safeguarding products, funds, and maintaining compliance with rigorous regulations. Implementing robust dispensary security systems, including security cameras and video surveillance, is fundamental to protect against theft and meet state-specific security mandates. High volumes of cash transactions intensify the need for on-site security measures due to federal banking restrictions affecting the […]

Dutchie, an Oregon-based cannabis tech platform, faced a crucial test on April 20, 2024, with its ecommerce system for cannabis retailers hitting an unexpected snag. Not due to the anticipated high traffic from 4/20 activities but a significant mishap with its database provider led to a cascade of issues, marking the third consecutive year of […]

The cannabis industry is poised for significant growth, projected to reach nearly $40 billion by 2024 [1]. With federal initiatives such as the potential descheduling of cannabis or the passage of the SAFE Banking Act on the horizon, the landscape for cannabis commerce is expected to undergo transformative changes. However, cannabis payment processing remains a […]

With April 20th marking the most significant sales day of the year for cannabis retailers, it’s essential to stay ahead with the right preparation strategies. PayRio emerges as a catalyst for growth, ensuring retailers are primed to take payments and maximize their sales on this notable date, widely recognized and celebrated as 4/20. This introduction […]

In recent years, the cannabis industry has experienced significant growth, particularly with the legalization of medicinal and recreational cannabis in numerous states across the United States and in other countries around the world. As a result, entrepreneurs and investors are increasingly keen on exploring opportunities within this burgeoning sector, one of which includes opening a […]

March is a time to celebrate and acknowledge the contributions of women throughout history. The world of cannabis is no exception. This month, we pay tribute to the women who have made impactful strides in the cannabis industry. Introduction Women’s History Month provides an opportunity to highlight the often-overlooked roles women have played in the […]

The legalization of cannabis across numerous U.S states has led to an expanding market, opening doors for many lucrative business opportunities. However, as the sector grows, so does the need for effective cannabis payment processors, like PayRio. This article explores the leading cannabis payment trends in 2024, providing insights for dispensary owners to streamline their […]

The cannabis industry’s growth has been stymied by various challenges, notably in payment processing. Traditional banking institutions often hesitate to serve cannabis-related businesses due to federal regulations, despite the increasing legalization of cannabis at the state level. This has resulted in an industry that operates primarily on cash transactions, posing significant operational and security issues. […]

According to an analysis conducted by the multinational investment firm, TD Cowen, the cannabis industry is showing remarkable growth and competitiveness against the alcohol market. This growth is projected to continue over the next five years, with an estimated addition of 20 million regular cannabis consumers. Meanwhile, the alcohol industry is predicted to lose around […]

The cannabis industry is often perceived as a goldmine for tax revenue. However, the taxation structure and rates are far from straightforward, with a labyrinth of complex tax laws and regulations that vary by state and locality. This article aims to provide a comprehensive guide on understanding and calculating cannabis taxes, enabling both consumers and […]