CannaTrac CEO to Speak on Cannabis Payment Technology at Winter 2020 Emerge Virtual Cannab…Posted by On

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Dec 15, 2020 (NewMediaWire via COMTEX) —
CHICAGO, IL – (NewMediaWire ( – December 15, 2020 – CannaTrac(R) Technology, Inc. (“CannaTrac(R)” or “the Company”), the leading cashless payment solution for the cannabis and hemp industries, today announced that CEO and Vice Chairman, Thomas Gavin IV, will speak at the Winter 2020 Emerge Virtual Cannabis Conference & Expo on the panel, “Top Tech Solutions for Cannabis Retail & Dispensaries,” on December 16, 2020.

“Contactless payments are more necessary now than ever due to the pandemic. Though contactless e-commerce is common in many mainstream retail settings, the cannabis industry continues to struggle to implement it due to state and federal banking barriers,” said Gavin. “These barriers can make it incredibly difficult for cannabis and CBD producers and retailers to offer any kind of contactless payment because they are labeled high-risk by many financial institutions and have to operate on a cash-only basis. I have dedicated many years to providing cannabis businesses with alternative payment solutions and am honored to have the opportunity to educate cannabis retailers on their options, like our CannaCard.”

Contactless payments have grown…

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