Higher Education

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 […]

High-risk businesses frequently encounter obstacles in securing reliable payment processing solutions, a challenge that can be mitigated through high-risk merchant accounts. These specialized bank accounts facilitate the secure and efficient acceptance of credit and debit card payments, underpinning the importance of secure payment practices for maintaining a positive reputation and ensuring PCI compliance. Incorporating payment […]

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 future of health care could be psychedelic. As the stigma surrounding psychedelic substances continues to fade, these substances are increasingly being recognized for their potential in treating a range of mental health disorders. This article explores the future of psychedelic treatment centers in America, with a particular focus on payment processing for such facilities. […]

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. […]

Psychedelics, once dubbed as rebel party stimulants, are now emerging as a transformative crucible for mental health treatment. In particular, psilocybin and ketamine, two potent psychedelic substances, are making significant strides in the therapeutic arena. With the burgeoning acceptance of these substances in therapy, we are witnessing the emergence of psilocybin payments and ketamine payments […]

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 […]

In the world of e-commerce, one cannot undermine the significance of high-risk payment processing. This service becomes indispensable for businesses that are categorized as high-risk due to their nature or specific characteristics. If you’re an ecommerce merchant operating within a high-risk industry, this guide is tailored for you. 1. Understanding High-Risk Payment Processing High-risk payment processing […]