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About CanPay

CanPay is a debit payment app for cannabis retailers.

CanPay Headquarter Location

5856 S. Lowell Blvd. Unit# 32-129

Littleton, Colorado, 80123,

United States


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Expert Collections containing CanPay

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

CanPay is included in 3 Expert Collections, including Banking.



951 items



3,834 items

These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.



7,442 items

US-based companies

Latest CanPay News

Can the digital payments revolution finally wean cannabis shops off cash?

Aug 5, 2022

By  David Cox August 05, 2022, 9:42 a.m. EDT 4 Min Read REGISTER NOW Earlier this year, a series of armed robberies at marijuana dispensaries in Tacoma, Washington — including one where an employee was fatally shot — served to illustrate the continued risks which all dispensaries face when it comes to receiving predominately cash payments for cannabis. While recreational cannabis use has been legalized in 19 states in the U.S., it remains illegal at the federal level. Because of this distinction, the major card networks and most banks won't handle payments for legal dispensaries, so a large proportion of transactions remain cash based. "The amount of cash that we receive in daily is more than most businesses would be comfortable with," said Sara Eltinge, CEO of The Herbery dispensary chain in Vancouver, Washington. "It leads to dispensaries being targets for robberies. You're continuously pulling money out of the tills so that you're not as big of a target, and ensuring that you've got regular armoured car service pickups every few days." The legal cannabis industry has long attracted innovators that seek to offer cash alternatives, typically by emulating the process of paying by card . Dispensaries sometimes found that these systems were not worth the valuable counter space they took up. Providers such as CanPay (which The Herbery uses) and Aeropay have attempted to ride the wave of digital payment adoption that occurred during the pandemic to develop innovative ways of enabling cashless cannabis payments through systems which connect to the consumer's bank account and process payments over the automated clearing house network. "All of our consumers are not looking for a card. They don't pull out their wallet to pay with something, they pull out their phone," said Dustin Eide, CEO of CanPay. "I think that is an innovation, because we have an opportunity to interact with the consumer every time they want to make a payment. That doesn't exist in traditional payments because of the need to be card-based." The Herbery in Tacoma, Washington, uses CanPay to accept payments, but says it still has significant security issues around cash payments. Eide predicts that CanPay's users will more broadly adopt digital payments. Aeropay, which entered the cannabis payments space in 2020, also partners with more than 100 businesses across the U.S. in gaming and cryptocurrency. These systems have proven popular with merchants. CanPay is now used by more than 100,000 consumers at over 800 dispensaries across the U.S. The company says it has processed over $600 million in transactions in states where cannabis is legal. "We've been forced to do things differently," Eide said. "In any other industry, it would be like, 'ACH is slow, nobody uses it.' But in the cannabis industry, the advantage is that you can do things in a way that's transparent. All of our merchants transact in their own DBA Name, that's what shows up on the customer's bank statement, which allows for stable, compliant, legitimate transparent payments." According to Eide, the digital system makes it easier to handle any issues at the point of sale such as declined payments, because it comes with an embedded live chat option, meaning that consumers can immediately contact a CanPay employee. He also argues that it is a more secure method of payment as the point of sale is a single-use QR code which expires within 30 minutes. However, while dispensaries are appreciative of these novel technologies, they say that they are still only used by a minority of cannabis consumers. "CanPay is a wonderful product but it doesn't help enough to move the needle in our cash-heavy security issues," Eltinge said. "The consumer still has to be willing to take the time to get it on their phone and link it to their bank, and a lot of people are still wary of having a phone linked to a bank account."

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  • Where is CanPay's headquarters?

    CanPay's headquarters is located at 5856 S. Lowell Blvd., Littleton.

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