Harborside Partners with CanPay to Launch Cashless Delivery Payments

Cannabis Industry's First Legitimate Debit Payment Option Enters California Market Through Nation's Largest Medical Dispensary

News provided by

CanPay

Jul 27, 2017, 09:00 ET

LITTLETON, Colo., July 27, 2017 /PRNewswire/ -- CanPay, the first legitimate debit payment solution for the cannabis industry, today announced a partnership with Harborside, the leading medical cannabis dispensary in the nation, to provide a cashless payment option for delivery transactions originating from both its Oakland and San Jose locations.

Harborside is the most respected and largest medical cannabis dispensary in the United States, with more than 200,000 registered patients. Through its partnership with CanPay, Harborside patients will enjoy the convenience and safety that comes from paying for deliveries with debit instead of cash. CanPay is free for patients to use.

When paying for their medicine, a CanPay user signs into the CanPay app on their mobile device to generate a secure, single-use payment token that includes no personal identifiable information. The Harborside delivery employee then scans that payment token into their mobile delivery device and the funds for the purchase are transferred directly from the patient's checking account to Harborside's account. Patients can download the free CanPay app by visiting www.CanPayApp.com on their mobile device.

"Patients who rely on cannabis for preexisting medical conditions should not have to be inconvenienced or have their safety put at risk by a cash-only model," said Dustin Eide, CEO of CanPay. "Delivery is a mainstream solution and payments should be able to keep up with the industry. By partnering with Harborside, we are providing their patients the benefits of more secure, transparent transactions."

"It's important to us that we stay on the forefront of patient care and access to the products our community needs to improve their quality of life," said dress wedding, co-founder of Harborside. "CanPay enables us to continue delivering on those goals by normalizing the payment process for our patients and staff."

Since launching in November 2016, CanPay has quickly expanded to 6 states and more than 50 dispensaries, offering consumers a quick, free, and secure alternative to the cash-only model dictated by contrasting federal and state regulations. Patients and consumers can download the CanPay app by visiting CanPayApp.com and begin setting up their account. To ensure privacy and security, all purchases are made using non-identifiable, single-use, and random payment tokens generated in the CanPay App. Retailers and dispensary owners can find out more by visiting the CanPay website: www.CanPayDebit.com/retailers

About CanPay
CanPay is the first debit payment solution for the state regulated cannabis industry, currently serving consumers and businesses in Washington, California, Colorado, Maine, Florida, and Oregon. Through the Closed-Banking Feedback Loop, CanPay partners with select financial institutions that have developed stable, compliant banking programs specific to the cannabis industry. By delivering a traditional and legitimate electronic payment solution to this growing yet highly-regulated industry, CanPay allows retailers and customers the convenience of a debit payment while mitigating risks and costs associated with cash transactions. To learn more about CanPay, visit www.CanPayDebit.com.

About Harborside:
Operating since 2006 and celebrating its 10^th Anniversary in 2016, Harborside (formerly, Harborside Health Center) is the largest nonprofit medical cannabis dispensary and wellness center in the United States. Harborside has over 200,000 registered patient-members and continues to set an example of responsible cannabis distribution in Oakland and San Jose, California. Co-founded by longtime activist and entrepreneur, Steve DeAngelo, Harborside is now overseen by FLRish Retail Management & Security Services LLC.