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Looping Legal Cannabis Into The World Of Trade Credit

PYMNTS

Payments in the legal cannabis industry is a tricky nut to crack. While the general expectation is that federal legalization is on the horizon, it will take some time for electronic payment rails to open up to legal cannabis businesses, meaning cash is likely to persevere as the dominant transaction method for the short- to medium-term.

Legal 111
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Banking-As-A-Service, B2B eCommerce Lead Busy Week For B2B FinTech Funding

PYMNTS

It was a busy week for B2B venture capitalists who spread their wealth amongst a wide range of B2B FinTechs, with investments totaling more than $164 million. India-based B2B eCommerce company SOLV secured an investment from SC Ventures , the companies announced this week, although they did not reveal the value of the funding.

B2B 77
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How ‘Smart Bank Transfers’ Can Help Streamline B2B Payments

PYMNTS

Nowhere is that more true than in the legal cannabis industry where regulations are still evolving. Large B2B wholesalers, distributors, cultivators delivery platforms are all transacting in large amounts of cash.”. That’s really where we see ourselves in B2B.”. Checks and cash aren’t going to work in this day and age.

B2B 108
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B2B FinTech Tackles The Nuanced Challenges Of Marijuana — Beyond Banking

PYMNTS

The legal cannabis market continues to reach new milestones, the latest being the launch of the industry’s first commodity trading desk — with the latest service provider highlighting the opportunity in addressing the more nuanced challenges of an unfamiliar, emerging market.

B2B 70
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Hypur Enables B2B Payments For CBD eMerchants

PYMNTS

In a press release issued Thursday (April 18), Hypur said its payments technology enables business, retail and online transactions for merchants in the hemp and CBD markets in the U.S. Consumers can use the Hypur tool to make payments in-store or online, while businesses can also use the solution to make payments to their B2B suppliers.

B2B 69
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B2B Pursues An Amazon-Like Experience

PYMNTS

That’s particularly true in the B2B eCommerce space, as the online shopping habits of consumers spill into their professional lives when making purchases for a company, and as B2B eCommerce solution providers vow to offer an “Amazon-like” experience fit for the corporate world. Reports in Bloomberg , citing a U.K.

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What’s new for state sales and use taxes

TaxConnex

Proposed in the same Florida bill are months’-long exemptions on some hurricane-recovery and energy-efficient purchases; one-year exemptions on retail sale of baby and toddler clothing and shoes and the retail sale of children’s diapers; and a three-month exemption on the retail sale of all children’s books.