© 2023 by Lucrative Merchants, LLC.

CANNABIS PAYMENT PROCESSING

Credit & Debit Card Processing for Cannabis Stores


Payment Processing for the Cannabis Industry has been a rare opportunity for medical marijuana businesses since the industry began. Lucrative Merchants is proud to be a pioneer in the both the Credit Card Processing arena by connecting with financial institutions that not only allow businesses in the Cannabis Industry to accept credit & debit card payments, we offer the most competitive rates in the industry. Accept VISA, Mastercard, AmEx, Discover.

 

Lucrative Merchants will set your business apart from the other manufacturers & retail stores in your area by opening a door to a new revenue stream that will increase the batch size of customer orders as well as enhance the customer experience when choosing to purchase products from you. We also offer a proprietary program for Cannabis B2B transactions to allow Cannabis Growers/Farms and their vendors to take and accept payment more securely.

The Benefits of working with Lucrative Merchants:

  • Utilize a load fee to create more revenue for the business.

  • Lower your customer’s out of pocket expenses.

  • Effective Rate.

  • Solution is easy to use. No math. No learning. Swipe & Go.

  • Money is deposited every business day of the week.

  • Budtenders can get tips through card payments so your staff won’t miss out.

  • Average tickets are higher when using credit cards.

  • The Device is Wi-Fi so you might only need one device in a location.

  • Training is super simple and the terminals are all setup and ready to go - just connect to a secure Wi-Fi.

  • The Terminals can also be used on the 4g network so the solution can be used for deliveries.

Below we speak more on the steps & details to get started with the process of accepting cards with your Cannabis company.
It is simple, stress-free, and lucrative. 

To schedule a demo or learn more about our Cannabis B2B program send us an email: cannabis@lucrativemerchants.com

Apply Today!

  • Schedule a demo of our solutions at your earliest convenience. 
     

  • Complete our online merchant application and tell us a few specifics about the business.

  • After you have seen a demo of our solutions, we will require the necessary documentation to on board your business.

CBD & MMJ

Required Documentation

CBD
  • Merchant Application

  • Voided Check or Bank Letter on Bank Letterhead

  • Copy of Driver's License or Passport

  • 3 Months Most Recent Processing Statements (if applicable)

  • 3 Months Most Recent Bank Statements

    • If new company, supply statement supporting startup/operation of the business.​​

*Please note additional documentation may be required depending on State Law

Required Documentation

MMJ
  • Merchant Application

  • Voided Check or Bank Letter on Bank Letterhead

  • Copy of Driver's License or Passport

  • 3 Months Most Recent Processing Statements
    (if applicable)

  • 3 Months Most Recent Bank Statements

    • If new company, supply statement supporting startup/operation of the business.​​

  • Copy of State Licensing depending on services offered and merchant's physical location​:

    • Cultivation​

    • Growers Distribution Medical Recreational Compassion/Alternative Treatment Center

    • Laboratory

*Please note additional documentation may be required depending on State Law

Account Setup

& POS

  • Once we have received the Merchant Application and necessary documentation you will be submitted to underwriting.
     

  • Lucrative Merchants will be in contact with the merchant within 24-48 hours from submission.

  • At this time we will also speak in more detail about which POS system you would prefer for your store location.  

CBD / MMJ
 

Ask one of our Account Specialists


Need to schedule a demo?
Want to ask something specific about our

MMJ & CBD Credit Card Processing options?


Our Account Specialists are ready to help you.
Please fill out the form below.

You can also contact us directly by emailing: marijuana@lucrativemerchants.com