Buying ganja Saas-Fee

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Buying ganja Saas-Fee

Well, thank goodness, cannabis is being legalized in more and more countries for its recreational and medical use, resulting in high demand and boosting the weed business. But you might still need the help of a ca nnabis software development company to ensure smooth financial transactions if you are into the pot business. As a result, banks still refuse to cooperate with the weed industry transactions. So what can you do as a cannabis merchant to run your weed business without any hitch? You can always go Crypto! Yes, just like Ethereum and Bitcoin, cryptocurrencies can be the perfect alternative payment options to keep your cannabis and CBD business up and running. We have discussed all the reasons in detail below. But here is an infographic for you to take a quick glance at the reasons. Do you know that medical marijuana has been legalized in 35 states and also in the District of Columbia, as of November ? The federal restrictions have prevented digital payments as well as the use of cards for legalized cannabis transactions, resulting in a huge cash payment issue. The majority of the banking institutions around the world are still reluctant to support industries the products of which are federally illegal; not to mention cannabis is one of them. For example, the cannabis seeds of breeds like Grand Daddy Purple Feminized are still federally illegal, but legal in some states. Image Source: Bitcoin News. As banks barred transactions related to cannabis, weed merchants ended up resorting to cash-only transactions which limited their reach at some point. Yes, while some consumers found cash-only transactions to be a risky business; some thought it to be safer to avoid involving themselves in bank-related issues or bank transaction risks over cannabis purchase. Even in the past, many failed to purchase cannabis online as they did not have proper bank accounts. While the seed-to-sale software is there to facilitate the entire cannabis cultivation, extraction, distribution, and retail process; the cryptocurrencies ensure maximum people can purchase cannabis as for cryptocurrency transactions all a consumer needs is a smartphone and an email address. Due to these unnecessary hassles caused by banking institutions for cannabis-related bank transactions, traders are forced to turn to cash-only transactions which are not only dangerous but expensive and complicated too. Making things even worse, cash transactions are resulting in unprofitable businesses as more consumers are opting for the expensive cash-only transactions. Since no bank owns the blockchain, it means no bank can be accused of money laundering for processing cannabis transactions in cryptocurrency. Cryptocurrencies are digital currencies that can be handled through mobile payment. No matter where you are in the world, cryptocurrencies allow you to conduct transactions anytime from anywhere. Eliminating the location-based restrictions, crypto lets vendors carry on their online dealings smoothly from anywhere. With crypto vendors no longer have to put up with the taxes that they once had to bear when under conventional transaction systems. Yes, cryptocurrencies help cannabis and CBD merchants bypass some taxes that they used to pay when relying on location-based traditional transaction methods. Those cannabis traders who have been successful in arranging credit card processing eventually ended up paying high transaction fees for cannabis is a high-risk business industry. There are even some companies that offer cryptocurrency rewards or digital tokens that consumers can use for weed purchases later. Do you know that blockchain tech has never been hacked? And guess what, cryptocurrency is based on this very technology which means safe and secure payment and tracking of transactions. Take a look at the short video below to get a more detailed idea of the SeedERP. With cryptocurrencies, cannabis-related financial transactions become easy peasy as well. No need to worry over cash-only huge transactions or requiring an armored contingent to protect it as crypto is the Superman here, always protecting your transactions and keeping the data safe. Even when it comes to identity theft and chargeback frauds, cryptocurrencies take care of those too. Crypto is based on blockchain technology which is based on a distributed and decentralized digital ledger which means each transaction will be permanently recorded and can not be deleted or altered. No interference with the transactions data records means reduced risks of fraud. Cryptos also offer an immediate settlement of the funds, thanks to the blockchain technology that provides instant validation of all transactions. No longer waiting hours or days for the credit card payment to post. Unlike bank transactions, crypto can be completed within minutes. As long as a vendor has access to an active internet connection and a smartphone he can make or receive payments in the blink of an eye. Being a secure and faster mode of conducting transactions, crypto automatically becomes a convenient payment method for CBD and cannabis merchants and consumers. The difficulties of conducting cash-only transactions are not just limited to the consumers of the pot, but beyond that too. The problems of cash-only transactions affect the entire supply chain at times. Not getting the point? Well, then keep following the cannabis chain. First, as a cannabis vendor, you have to deal in-cash with the growers, transporters, and the retailers of the green herb too. Then there are also lab testing of the weed, licensing, and tracking of the goods that you have to deal with in-cash. And given the complex and strict state regulations regarding the weed business, the supply chain turns out to be expensive as well as more complicated. But with cryptocurrencies, this whole process and the business to business or B2B transactions get simplified and can be handled more sensibly. The opportunity of paying with just one click simply discards the need for armored trucks filled with cash for purchasing the growing equipment and fertilizers. You can perform any B2B transactions within the crypto market with just a few clicks. Many customers fear that if insurance companies can get access to their records of purchasing cannabis, they might land into trouble for breaking certain marijuana-related laws. With cryptocurrencies, you, as a vendor, can also cater to the privacy concerns of your customers. For example, if a customer wants to stay anonymous about the cannabis purchase, with crypto transactions it is possible as crypto transactions and accounts can be anonymous as well. Apart from banking restrictions, transparency in transactions is another major concern in the cannabis industry. Well, cryptocurrency is based on an online ledger i. It can be easily transferred to any computer for verification of any transaction and maintain transparency among the stakeholders. No one, right? So, with most of the pot traders vouching for cryptocurrencies these days, why not follow the cue and explore a payment option that has the potential to boost the productivity of your weed business! Having years of experience in working with some of the prominent crypto companies and integrating cryptocurrencies like PotCoin or CannabisCoin, we can help you build high-risk payment processors. Take WeedMachine. We are dedicated to giving you a secure and effective eCommerce system, where you can sell CBD and other Hemp products online without any hassle. Klizo Solutions was founded by Joseph Ricard, a serial entrepreneur from America who has spent over ten years working in India, developing innovative tech solutions, building good teams, and admirable processes. And today, he has a team of over 50 super-talented people with him and various high-level technologies developed in multiple frameworks to his credit. Contact Us. TAGS Crypto for Weed Business cryptocurrency for pot business cryptocurrency in cannabis industry high risk payment gateway solution klizo klizo solutions klizos. Joey Ricard Klizo Solutions was founded by Joseph Ricard, a serial entrepreneur from America who has spent over ten years working in India, developing innovative tech solutions, building good teams, and admirable processes. Code Review Checklist: 7 Steps to Excellence. Recent Post. Sign up today! 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The Easy Guide to the Best Cannabis Ecommerce Platforms

Buying ganja Saas-Fee

Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Join Now! Member Login. Why Qredible? The Problem Financial Institutions. By Joy February 14, pm No Comments. As cannabis legalization sweeps across North America and more cannabis companies pop up, entrepreneurs are rushing to capitalize on this growing market. However, operating in the cannabis space comes with unique challenges. Strict regulations, banking restrictions, and operating in a new industry means cannabis businesses need tailored software solutions to manage their operations. This begs the question — should cannabis businesses build or buy their tech? Here are some potential benefits of creating proprietary tech solutions: Complete Control and Customization With bespoke software, cannabis businesses can ensure the technology meets their precise needs. Developing in-house gives you full control over features and functionality. Your developers can build software tailored to your workflows and business goals. Data Security In an industry dealing with sensitive information, security is paramount. Building your own software means no third-party vendors have access, thereby reducing security risks. You control how customer data is collected, stored, and accessed. Competitive Advantage Unique proprietary software can differentiate you from the competition. Custom tech solutions that cater to your specific business needs can enable you to work smarter and faster. Cost Savings Over Time While initial development costs are high, over the long term, building your own solutions may be cheaper than paying monthly SaaS fees. Once you build the software, you own it forever without recurring licensing costs. The Case for Buying Cannabis Tech Solutions On the other hand, there are plenty of reasons cannabis businesses should consider opting for off-the-shelf cannabis-specific software solutions : Save Time and Resources Building custom software can be time-intensive and drain internal resources. With bought software, you skip the lengthy development process and can focus on your core business. Leverage Expertise Software vendors dedicate themselves to constantly innovating their platforms. Buying leverages their expertise in functionality, compliance, and security. Avoid Cost Overruns Software projects often go way over budget. Vendor solutions have fixed pricing, avoiding potentially astronomical hidden costs. Quick Implementation Purchased software means you can get up and running fast. Buying eliminates the need for finding, hiring, and managing development teams. Easily Scalable As your business grows, bought platforms make scaling straightforward. Vendors manage all the infrastructure, so you easily upgrade plans or users. Key Factors to Consider So, should cannabis businesses buy or build their tech? If you need solutions ASAP, buying is faster. In-house expertise: Do you have qualified software developers on staff? If not, buying is likely better. Customization needs: Off-the-shelf platforms allow limited customization. If you need highly customized features, building your own software may work better. Budget: Developing software requires ample upfront capital. Buying enables predictable recurring costs. Security needs: If top-notch security is critical, custom software may provide more control. But vendors offer robust security, too. Scalability: Will rapid growth require frequent changes? Vendor platforms are easier to scale. The Bottom Line Building or buying tech both have clear benefits and drawbacks for cannabis businesses. Focus on your budget, timeline, and customization needs. For most, buying proven vendor solutions provides the best experience, security, and value. But for some niche needs, custom software may be the route. Weigh all factors carefully before deciding to build or buy your cannabis tech solutions. Leave a Reply Cancel reply Your email address will not be published. Qredible builds advanced supply chain and quality management systems to help your regulated business reduce operating costs and grow your business while minimizing enterprise risk. All Rights Reserved. Facebook Instagram Twitter Youtube Linkedin.

Buying ganja Saas-Fee