WM Technology Launches Cannabis Retail Payment Solution in Canada

A new payment solution is coming to Canadian cannabis retailers, enabling them to begin offering click and collect sales. Initially the solution will rollout in Ontario on the Weedmaps platform, and the company behind it has partnered with point-of-sale management systems like Coca, and payment processors like Merrco Payments. Customers will be able to make payments with both Visa and MasterCard.

Cannabis technology company WM Technology is launching a payment service for cannabis retailers in Ontario, Canada’s largest market for adult use, and plans to roll it out in other provinces.

The new service expands the range of technology solutions the cannabis industry is utilizing, which now includes such ideas as Ubers for cannabis. Of course, these are not the first, nor last, solutions that will come to cannabis; follow all future updates with our free cannabis news app.

Payment Solution to Rollout on Weedmaps

Customers at participating stores will be able to browse the product catalog on the Weedmaps platform and then make direct payments to the retailer using Visa or MasterCard, WM Technology announced Thursday morning.

The new feature follows Ontario’s recent decision to make retail cannabis delivery and click and collect permanent, cementing a temporary program launched at the start of the COVID-19 pandemic.

Ontario to Act as a Springboard

“The company expects Ontario to be a springboard for Weedmaps’ online payments system in other Canadian provinces in the coming months,” said the Irvine, Calif.-based company. in a press release.

WM Technology is also launching its WM Store product in Ontario to bring “the Weedmaps platform directly to cannabis retailer websites,” offering customization options for retailers “to better reflect their brand and create a shopping experience.” more transparent and end-to-end ordering for customers”.

Payment Solution Partnered with POS Providers

The company said it has partnered with cannabis retailer inventory and point-of-sale management platform Cova Software, as well as payment processing services provided by Merrco Payments.

(Featured image by Cottonbro via Pexels)

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Andrew Ross is a features writer whose stories are centered on emerging economies and fast-growing companies. His articles often look at trade policies and practices, geopolitics, mining and commodities, as well as the exciting world of technology. He also covers industries that have piqued the interest of the stock market, such as cryptocurrency and cannabis. He is a certified gadget enthusiast.

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