A Real “Game-changer”
By Mark Morris
Kevin Perrier, left, and Volkan Polatol, partners at Dreamer Cannabis, are now able to offer credit card transactions at their dispensary.
Since cannabis became legal in Massachusetts consumers have had to pay for their purchases with cash or a debit card. At a dispensary in Southampton, that has changed in a big way.
Beginning Feb. 14, customers at Dreamer Cannabis have been able to use their credit cards to purchase cannabis products.
“The term ‘game-changer’ gets thrown around a lot, but for this industry that’s pretty huge,” said Kevin Perrier, a partner with Dreamer Cannabis.
Because cannabis is legal in only 18 states, federal law prohibits credit card companies such as Visa, MasterCard, and American Express from accepting cannabis transactions in their systems.
Perrier and Volkan Polatol, his partner at Dreamer Cannabis, were exploring the idea of a cannabis delivery business when their research revealed an innovative way several cannabis companies in California were accepting payments by credit card.
“The method is similar to the way Venmo works,” Polatol said. Venmo is the peer-to-peer payment app that allows individuals to quickly exchange money with each other.
While credit card companies will not process cannabis transactions, accepting payments from third-party platforms is legal and compliant. When a Dreamer customer uses a credit card, the transaction is processed by a third-party platform which uses…
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A Real “Game-changer”
By Mark Morris
Kevin Perrier, left, and Volkan Polatol, partners at Dreamer Cannabis, are now able to offer credit card transactions at their dispensary.
Since cannabis became legal in Massachusetts consumers have had to pay for their purchases with cash or a debit card. At a dispensary in Southampton, that has changed in a big way.
Beginning Feb. 14, customers at Dreamer Cannabis have been able to use their credit cards to purchase cannabis products.
“The term ‘game-changer’ gets thrown around a lot, but for this industry that’s pretty huge,” said Kevin Perrier, a partner with Dreamer Cannabis.
Because cannabis is legal in only 18 states, federal law prohibits credit card companies such as Visa, MasterCard, and American Express from accepting cannabis transactions in their systems.
Perrier and Volkan Polatol, his partner at Dreamer Cannabis, were exploring the idea of a cannabis delivery business when their research revealed an innovative way several cannabis companies in California were accepting payments by credit card.
“The method is similar to the way Venmo works,” Polatol said. Venmo is the peer-to-peer payment app that allows individuals to quickly exchange money with each other.
While credit card companies will not process cannabis transactions, accepting payments from third-party platforms is legal and compliant. When a Dreamer customer uses a credit card, the transaction is processed by a third-party platform which uses…
