Cannabis Business TodayCannabis Business Today

ABOUT | ADVERTISE | SUBMIT A STORY | COURSES | PROFILES | RESOURCES
  • No products in cart.
  • Cultivators and Growers

    Cultivator and Grower Topics

    • Cultivator and Grower News
    • Getting Started Growing Cannabis or Hemp
    • Basics of Cannabis and Hemp Cultivation
    • Business Profiles and Directory

    Discussion Forums

    • Cultivator and Grower Discussion Forum
    • General Discussion Forum (All Topics)

    What Do You Want To Know?

    We will do our best to provide you with the information, resources, and courses you need.
    • Tell Us What You Want To Learn
  • Labs and Processors

    Lab and Processor Topics

    • Lab and Processor News
    • Business Profiles and Directory

    Discussion Forums

    • Lab and Processor Discussion Forum
    • General Discussion Forum (All Topics)

    What Do You Want To Know?

    We will do our best to provide you with the information, resources, and courses you need.
    • Tell Us What You Want To Learn
  • Dispensaries

    Dispensary Topics

    • Dispensary News
    • How To Start A Dispensary
    • Business Profiles and Directory
    • Dispensary Owners Committee

    Discussion Forums

    • Dispensary Discussion Forum
    • General Discussion Forum (All Topics)

    Start A Business Committee

    If you are interested, CBT can help you partner with other business owners to form committees around specific topics and challenges facing dispensaries.
    • Start A Business Committee

    What Do You Want To Know?

    We will do our best to provide you with the information, resources, and courses you need.
    • Tell Us What You Want To Learn
  • Manufacturers
  • Tourism
  • Education

    Cannabis and Hemp Classes

    Through our partnership with Catoctin College, Cannabis Business Today offers a number of online classes, as well as the ability to create classes for the CBT and Catoctin communities.
    • VIEW ALL COURSES
    • Cannabis and Hemp In 2019: Challenges and Opportunities
    • Cannabis News and Market Data
    • How To Start A Cannabis or Hemp Business In DC, Maryland, or Virginia (DMV)
    • Industrial Hemp: An Introduction
    • Cooking With Cannabis
    • Business Law for Cannabis, CBD, and Industrial Hemp: An Introduction
    • Cannabis and Hemp Business – Master Class
    • One On One With Ben Droz (Hemp Lobbyist)

    Webinars (Upcoming and On-Demand)

    These are webinars that are hosted and moderated by Cannabis Business Today. For other webinars, please look at our Events calendar.
    • Cannabis and Hemp In 2019: Challenges and Opportunities (On-Demand)

    Create A Class, Webinar, Podcast or Netcast

    • Create A Class or Course
    • Create A Webinar
    • Create A Podcast or Netcast

    Book Recommendations

    • View Latest Book Recommendations for Cannabis and Hemp Professionals
  • Events

    Cannabis and Hemp Networking Resources

    • How To Network Effectively At Conferences and Events
    • How To Create A Successful Event
    • How To Create A Webinar or Video for Consumers

    Upcoming Events

    These include all events we are aware of in the cannabis and hemp industries. We provide the host of the event with the title, as well as the dates and location. If you want to post an event, please click here or use the menu option below.
    • View The Event Calendar
    • Cannabis Business Summit & Expo (San Jose, CA – NCIA)

    Event Categories

    • ALL Events (Calendar View)
    • Cannabis Events
    • Hemp Events
    • Cultivator and Grower Events
    • Lab and Processor Events
    • Dispensary Events
    • Webinars

Best Practices for Managing your High-Risk Merchant Account

Monday, February 03, 2014 by Michael Hackmer
Once a good high risk merchant account with reasonable rates has been obtained, it is vital to protect it with sound management techniques.  Carefully managing your high risk merchant account is not difficult but does take effort and constant vigilance. The very nature of high risk merchant accounts makes them susceptible to chargebacks.  When chargeback
Read more
  • Published in Banking and Credit
No Comments

Recreational Pot: Credit & Debit Card Processors Relax Rules

Sunday, February 02, 2014 by Michael Hackmer
“A bank account is required but doesn’t have to be a business account,” said Lance Ott, owner of Guardian Data Systems in California, which provides payment processing for marijuana merchants. Recreational-marijuana businesses might not be as unbanked as they claim, with dozens of stores offering patrons payment alternatives to cash — each requiring a bank account. Whether
Read more
  • Published in Banking and Credit
No Comments

Marijuana Businesses Need Banking Access Now, Colorado Lawmakers Say

Saturday, February 01, 2014 by Michael Hackmer
Six high-profile lawmakers from Colorado’s congressional delegation are urging swift action from the federal government to allow marijuana-related businesses access to basic banking services. Democratic Sens. Michael Bennet and Mark Udall, along with fellow Democratic Reps. Diana DeGette, Ed Perlmutter and Jared Polis and Republican Rep. Mike Coffman, sent a letter Friday two federal officials, requesting
Read more
  • Published in Banking and Credit, Legislation and Policy
No Comments

Credit Cards Squeamish About Charging Pot

Friday, January 31, 2014 by Michael Hackmer
“They’re being forced to basically lie about the business,” says Lance Ott, CEO of Guardian Data Systems, which provides payments consulting and services for the medical and recreational marijuana industries. Guardian Data Systems offers “cashless ATMs” to dispensaries — the machines work with a debit card and a PIN to directly transfer a customer’s funds to the merchant’s
Read more
  • Published in Banking and Credit
No Comments

High Risk vs Low Risk Merchant Accounts: Where Does Your Business Fall?

Thursday, January 30, 2014 by Michael Hackmer
Businesses looking for a new merchant service provider have probably come across High-Risk and Low-Risk classifications, but what do these terms mean? The difference in fees and charges for a low-risk merchant vs. a high-risk one can be substantial, and it is important that merchants know the difference, so they do not risk overpaying or
Read more
  • Published in Banking and Credit
No Comments

ATMs In or Near Pot Shops Called “Disaster Waiting to Happen”

Wednesday, January 29, 2014 by Michael Hackmer
“There’s a background credit check the processor requires,” said Lance Ott, co-owner of Guardian Data Systems, which markets ATMs to the medical marijuana industry. “It really just comes down to knowing your customer.” Restrictive federal banking regulations that have forced most legal marijuana dispensaries to run as cash-only businesses have opened the door to another enterprise
Read more
  • Published in Banking and Credit, Dispensaries
No Comments

Credit Card Companies Easing Up on Cannabis Industry?

Tuesday, January 21, 2014 by Michael Hackmer
Lance Ott of Guardian Data Systems, which processes ATM and credit-card transactions for small businesses, doesn’t believe the credit card systems have eased up at all. Rather, he thinks that businesses are taking advantage of loopholes that allow them to take credit cards, such as miscoding themselves as general health businesses. “The card networks,” he
Read more
  • Published in Banking and Credit
No Comments

Banks Say No to Marijuana Money, Legal or Not

Monday, January 20, 2014 by Michael Hackmer
“It is operating over the A.T.M. network and not the credit card network,” said Lance Ott, whose company, Guardian Data Systems, provides this service. “The A.T.M. networks are not as regulated. This is the loophole.” SEATTLE — In his second-floor office above a hair salon in north Seattle, Ryan Kunkel is seated on a couch placing $1,000
Read more
  • Published in Banking and Credit
No Comments
  • 1
  • 2

Cultivator and Grower Stories

Cannabis Pesticides Uproar

8:00 am 12 Dec 2016

Cannabis Cultivation and Energy Usage

8:00 am 21 Jun 2016

An Argument for Organic Cannabis Crops in Every Market

8:00 am 15 Apr 2016

Dispensaries

Prince Edward Island flag - Cannabis Business Today

Prince Edward Island Liquor Control Commission Announces Two Cannabis Retail Outlet Locations

9:00 am 28 Feb 2018
Prince Edward Island flag - Cannabis Business Today

Buying Cannabis in Prince Edward Island, Canada

8:00 am 20 Jan 2018

Province Sets Next Policy Directions For Cannabis Legalization

2:00 am 16 Jan 2018

Banking

Going Cashless: Payments Options For Dispensaries

8:00 am 11 Apr 2018

Cannabis Credit Card Processing Fraud: Beware of the Honey Trap

8:30 am 03 Aug 2017

FinCEN and Cannabis Businesses: Be Transparent, Be Accurate, Be Prepared

9:00 am 06 Feb 2017

Web Hosting

GET OUR WEEKLY RECAP

RESOURCES

  • Business Resources
  • Cannabis Charts
  • Cannabis Industry Reports
  • Events
  • Cannabis News
  • Education and Courses

CONTACT US

  • Submit A Story / Release
  • List An Event
  • Ask A Cannabis Expert
  • Advertise
  • Contact Our Staff
  • Cultivators and Growers
  • Labs and Processors
  • Dispensaries
  • Manufacturers
  • Tourism
  • Education
  • Events

Copyright 2019 - All rights reserved - CBT Media / Cannabis Business Today

Terms of Use - Copyright/Usage Policy - DMCA Notice - Privacy Policy - Comment Policy - FEO Report - FCC Online Inspection File

TOP