Not waiting for SAFE: A payment firm's plan for growth
Even after years of momentum toward legalizing cannabis on a federal level through the SAFE Banking Act, the timeline for its passage remains hazy at best — but there's still ample room for innovation in the states that have legalized weed.
So many companies have entered the legal cannabis market that some such as Chicago-based Aeropay are starting to form alliances.
Aeropay supports account-to-account payments, or transfers directly between bank accounts, covering more than 2,000 banks. There are some limitations, since the interstate transfer of cannabis is still mostly illegal, hindering cross-state e-commerce purchases.
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