Mobile Commerce

Company Offers Cannabis Community Non-Cash Payment Options

Earlier this week, Mentor Capital, Inc. announced that its portfolio company, Bhang Corporation, established Bhang Financial. This new division will offer the Cannabis Community non-cash payment options with Cashless ATMs for PIN Debit Network transactions and ATMs, according to a company press release.

Bhang Corporation President Scott Van Rixel said in a company statement that he is committed to help his retail and access providers.

“Across the industry, we are all aware of the issues in dealing with a cash business,” he said. “With a Bhang product being sold every minute of every business day we here are focused on our clients’ non-cash payment needs. To best help, Bhang Financial systems have been built by a team of talented individuals with more than 60 years of payment processing and banking experience.”

Additionally, the new division will have fully integrated POS software solutions so clients can efficiently keep track of inventory and monitor sales.

Last month, Spearmint Resources, Inc. announced that it had signed a letter of intent to a 50 percent interest in a payment processing technology. The move would integrate technology that uses a multi-user electronic mobile-wallet application facilitating marijuana commerce.

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