You’re ready for your first cannabis delivery. You confidently scroll through your options and read up on the best ones for you. After thinking through a few choices, you settle on a few exciting options, and now it’s time to make your purchase. But after pulling out your wallet, you notice there’s no option to use card services, and you have to head to the bank to get some cash.
Unfortunately, this occurs more often than you might think, as many marijuana dispensaries and delivery services have to turn back customers without alternative payment solutions. You might be wondering why they can’t take your credit card, and be certain it is not for lack of trying. But, cannabis businesses are slowly finding new ways to navigate the financial marketplace.
Fortunately for residents of California, Good Tree offers debit card payments for our cannabis delivery services. So while you most likely will need cash, there are a few options you might be able to turn to the next time you decide to have some bud delivered to your door.
Long story short, most marijuana delivery services require cash because of tax code 280E. This means that anyone selling certain controlled substances isn’t allowed to deduct traditional business expenses that may relate to other activities. As this refers primarily to marijuana businesses, there is no access to loans or traditional banks. Most of these banks still operate under federal law as well, in which marijuana is still deemed illegal, even though state and local levels might differ.
For many dispensaries, there isn’t much you can do other than pay in cash. Fortunately, many delivery services make it clear that you should have cash in hand. But many delivery providers are working on other means of payment for consumers. In addition, many places are working to fight for the passing of legislation that allows financial institutions to work with the marijuana industry. Either way, while you should be prepared to use cash most of the time, a few additional options are available or will soon be available to you.
If you’re wondering why you can’t use your debit card for cannabis delivery, you’re undoubtedly wondering about the availability of debit cards. There are some debit cards options available to consumers of legal cannabis, but it varies and is few and far between. Cashless ATMs allow for debit card payments indirectly. In short, a customer uses their debit card to withdraw cash, but out comes a cash receipt. The customer then presents this to the budtender, who processes the transaction while removing all taxes and fees necessary for using the ATM. So while payments remain illegal, and this technology has yet to apply to cannabis delivery services, forward-thinking organizations are looking to work and eventually remove the hurdles presented.
The cannabis industry is fast-moving, and you want to be partnered with an organization that will be ready and willing to take the proper steps to make life easy for you. That’s why Good Tree is the delivery service you need for your cannabis needs. Not only do we have low-priced weed options, but we are a cannabis delivery services that allow debit card usage for our purchases. We’re on top of the game, and be sure that as the industry adapts we’ll be right there with the best of ‘em.
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