Marijuana Kiosk Next Self Service Revolution
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