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About

About Canna Paid

Canna Paid is a premier banking & merchant services solution provider for cannabis that provides a full customer service solution for retailers and their customers – one that contributes a reliable and credible support center to address any banking related issues.

Current commerce solutions have limits that hinder the retailers’ ability to maximize the sale. Canna Paid controls these limits and therefore has a unique ability to offer a significant solution to increase sales.

Opportunity Highlights:

The Canna Paid business model is designed to serve the dispensary owners with a competitive and standard retail banking solution, along with scalability to provide more unique offerings and services. These unique supplements stimulate a best practices culture with employees, wholesalers, and customers.

The Green Problem

Tetrahydrocannabinol (THC) purchases are considered a high risk transaction. Traditional and major card brands including Visa, Mastercard, American Express & Discover are prohibited through most processing banks and processors because of high chargeback liability and federal regulations.

Thanks to Canna Paid, traditional credit card transactions for THC at the dispensary level, now exists.

The Green Solution

Canna Paid utilizes a unique and proprietary compliance technology which enables consumers to swipe their credit cards in an ordinary fashion.

This transaction process meets all necessary AML/BSA and FinCen as well as KYC (know your customer) and KYCC (know your customers’ customer) mandates. This also eliminates any chargebacks to help to secure the transaction as well as the merchant from liability.

Traditional banking solutions

Electronic merchant services that include ACH and wire capabilities

Credit card check out

Allows customers to tip their Budtenders encouraging the frontline staff to provide higher levels of customer service

Newsletter

Industry updates – including laws and education

Marketing & social media

Content designed to be repurposed for your dispensary to educate customers on industry topics

Strategies

How to run a better organization including tips from the frontline as to what is effective in other dispensaries within the cannabis community

Works with ALL Major Credit Card Brands

Preserves Traditional Credit Card Transaction

Expedited Merchant Funding: 48-72 Hours

Consumer Initiated Payments Using Closed Loop

Leadership Team

Keith Allen

CEO, Managing Director

Keith Allen created Canna Paid to be the perfect merchant solution to compartmentalize the cannabis industry rather than the strict buzzkill constructs of a bank.

Brian Blatz

Managing Director

Prior to co-founding Canna Paid, Mr. Blatz co-founded Verdant Distribution, a licensed independent third-party distributor for cannabis products in California.

Ryan Bridges

Managing Director

Ryan Bridges is one of the Managing Directors for Canna Paid.

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