Marijuana payment firm to put $2.86M raise toward expansion

Marijuana payment service PayQwick, which brands itself as the PayPal of marijuana, has secured a $2.86 million raise. According to a news release, the Calabasas, California-based company plans to use the funding to increase sales and product development as it expands into California, Nevada, Michigan and Alaska. Here’s what you need to know:

• PayQwick allows cultivators, processors and retailers to pay each other as well as to pay for ancillary services such as lawyers, accountants and insurance companies.
• The company also facilitates consumer transactions.
• PayQwick is licensed to operate in Washington state, Oregon and

... Marijuana payment firm to put $2.86M raise toward expansion is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs