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POSaBIT Launches Point of Sale for Cannabis Retailers in West Virginia
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Rhea-AI Summary
POSaBIT Systems Corporation (OTC: POSAF) has expanded its operations into the West Virginia medical cannabis market, marking its entry as the 16th state where the company offers point of sale solutions. This expansion demonstrates the company's commitment to providing valuable technology tailored to state regulations as the cannabis market grows. CEO Ryan Hamlin emphasized the importance of their solutions in navigating the unique challenges of cash-only businesses in the cannabis sector.
Positive
Expansion into West Virginia's medical cannabis market increases market presence.
POSaBIT is now operational in 16 states, showcasing growth and market viability.
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None.
Marks the 16th state overall where the company is operational with point of sale, payments, or both
SEATTLE--(BUSINESS WIRE)--
POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF), the leading provider of point of sale software and payments infrastructure in the cannabis industry, is proud to announce their entry into the West Virginia medical cannabis market, where they are now live with their point of sale solution.
“We have made it a priority to expand our reach across the country, and our entry into a state like West Virginia provides further evidence of how our technology is universally viable and desirable across the entire cannabis market,” said Ryan Hamlin, CEO/co-founder of POSaBIT. “As more states open up and legalize cannabis either recreationally or medically, we are committed to offering up a solution that both fits the needed state requirements and provides immense value to the merchant.”
West Virginia marks the ninth state where POSaBIT’s point of sale is currently operational, and the sixteenth state overall where the company has a presence with either point of sale, payments, or both.
About POSaBIT
POSaBIT (CSE: PBIT) is a financial technology company that delivers unique and innovative payment processing and point-of-sale systems for cash-only businesses. POSaBIT specializes in resolving pain points for complex, high-risk, emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly, and utilizes top-of-the-line hardware. POSaBIT’s unique solution provides a safe and transparent environment for merchants while creating a better overall experience for the consumer. For additional information, visit www.posabit.com.
