PayQwick CEO: Washington's marijuana tracking system makes electronic payments possible


A new company is aiming to help make Washington state’s recreational marijuana industry cashless.

PayQwick is headquartered in Calabasas, California and has an office in Kenmore. Washington state is the only place where it has clients so far. The company works similarly to PayPal, but for recreational marijuana transactions. Consumers can buy PayQwick cards, link them to their bank account and then transfer money to the cards, which they then use in stores.

Marijuana retailers and producer/processors can use PayQwick’s app and website to transfer money between each other and pay bills. The company has six client stores across the state, but is hoping to grow quickly.

PayQwick doesn’t do business with medical marijuana shops and focuses instead on the recreational shops across the state.

Read the rest of the interview with Kenneth Berke by Annie Zak in the Puget Sound Business Journal:


Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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