No Cash For Cannabis? No Problem: KindTap Launches Credit Payment Solution In Massachusetts

KindTap Technologies, a company behind a financial technology platform for highly regulated industries, revealed Tuesday that it has launched a consumer credit product that will initially be used in the Massachusetts cannabis market. 

The Boston-based company noted that this is “a first-of-its-kind” service for the  and will provide consumers with revolving credit lines for upfront cannabis purchases and enable stores to utilize digital credit payments. While initially, the compliant credit service will be available only in Massachusetts, the company plans to expand to other markets, such as Florida, Maine and New York. 

With cash and cashless ATM-only payment options available in the cannabis space due to federal restrictions, the industry has …

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