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CannaTrac Technology, Inc.

CannaTrac CEO to Speak on Cannabis Payment Technology at Winter 2020 Emerge Virtual Cannabis Conference & Expo

CHICAGO, IL - (NewMediaWire) - December 15, 2020 -  CannaTrac® Technology, Inc. (“CannaTrac®” or “the Company”), the leading cashless payment solution for the cannabis and hemp industries, today announced that CEO and Vice Chairman, Thomas Gavin IV, will speak at the Winter 2020 Emerge Virtual Cannabis Conference & Expo on the panel, “Top Tech Solutions for Cannabis Retail & Dispensaries,” on December 16, 2020. 

“Contactless payments are more necessary now than ever due to the pandemic. Though contactless e-commerce is common in many mainstream retail settings, the cannabis industry continues to struggle to implement it due to state and federal banking barriers,” said Gavin. “These barriers can make it incredibly difficult for cannabis and CBD producers and retailers to offer any kind of contactless payment because they are labeled high-risk by many financial institutions and have to operate on a cash-only basis. I have dedicated many years to providing cannabis businesses with alternative payment solutions and am honored to have the opportunity to educate cannabis retailers on their options, like our CannaCard.”

Contactless payments have grown tremendously in 2020. According to a recent study, 51 percent of Americans are now using some form of contactless payments. With 38 percent of these consumers shared that they are using contactless payments for retail purchases, cannabis retail stores and dispensaries are likely noticing this shift. 

In his panel, Gavin will discuss, among other topics, current payment technologies available to the cannabis industry and how solutions, like the Company’s CannaCard®, can help cannabis retailers provide consumers with contactless payment options.

For more information about CannaTrac®, visit https://www.cannatrac.com/.

ABOUT CANNATRAC®

CannaTrac® is dedicated to bringing safety to the cannabis and hemp industries by serving as the industry’s leading cashless mobile payment system solution. CannaTrac® created the CannaCard® to provide consumers and retailers with a convenient way to benefit from increased safety and convenience through cashless purchases within the legal cannabis industry. Shop.Pay.Earn Rewards® with the CannaCard®. To learn more about CannaCard® or register as a merchant, please visit https://cannatrac.com/

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