Ancillary / Tech Services - How do they work in light of varying legalization?
The title says it all mostly -- With such varying legalization across the US, how do ancillary / tech cannabis companies operate? Do they service only certain states? Can you ship across state-lines? I'm sure there are several nuances.
As many of us look to the cannabis industry for our next possible career move, understanding the "lay of the land" with regards to business-types is something I find interesting (and arguably important when exploring potential opportunities).
As always, a huge thanks to this community for your thoughts, time and helpful insights!
I hear this question a lot. Because ancillary/ tech softwares are not directly "touching the plant" they do not need to have a license to operate. You can legally transport packaging and money through state lines.
But that does not mean they do not run into road blocks. In this article by Tami Abdollah, CEO of BLAZE Chris Violas, talks about how their payment processor dropped them because they were cannabis software. Many companies are starting to see that because of the lack of decriminalization many money handling organizations do not want to be associated with the industry. But because of this many new cannabis specific companies are emerging, like Wurk!
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