Marijuana kiosk – the next self service revolution?

By | April 21, 2016

Marijuana Kiosk Next Self Service Revolution

Source: kioskmarketplace

Excerpt:

The effort to legalize marijuana for medicinal or recreational usage has been long, but it is finally bearing fruit. Marijuana is legal for recreational use in Oregon, Washington, Alaska, Colorado and the District of Columbia.

However, banks refuse to deal with the marijuana industry because cannabis remains on the federal list of banned substances, and acquiring and processing payments for it could put a bank at risk for AML/KYC prosecution. As a result, legal marijuana businesses cannot accept debit or credit cards.

Cash-only status can be a security liability for businesses. However, some vendors are offering kiosk solutions to the payment problem.

Comments: They probably do not list the armored services. The normal ones cannot be used due to lack of insurance so a whole other group of self-insured cash carriers is evolving. The Jane kiosks are accepting cash and the models would seem to justify a cash recycling solution to further mitigate cash handling. Craig with Kiosk Industry Group.

Read full article at: kioskmarketplace

Author: News Editor

Kiosk manufacturer experience since 1993. Engineer for Verizon Bill Pay kiosks while at KIS in Colorado. Extensive device knowledge for printers, scanners, currency, PCI, ADA, touch screen technology, outdoor, biometrics such as fingerprint and IRIS. Runs and manages the current kiosk association, KMA. Works with U.S. Access Board on ADA and accessibility. PCI SSC participating organization. Member of National Retail Federation (NRF) and National Restaurant Association.