CannaTrac Technology understands the desperate need for banking privileges to the state sanctioned, licensed medical and recreational cannabis industry. Financial Institutions wish to service legally authorized retail merchant accounts, however accepting cash deposits puts those institutions at significant risk as the cash is neither traceable nor trackable. Complete transparency is critical to establish long-term banking relations.
Consumer confidentiality, convenience and overall experience is our top priority! We created innovative, user-friendly applications to facilitate Financial Institutions and the Cannabis Industry working together. There are significant benefits to ALL Industry participants built within the CannaTrac system and the CannaCard™
Some of the features and benefits of the CannaTrac System include:
Pay tax revenue and fees immediately – Government entities receive the sales, excise tax and fees on a daily basis, no more suitcases and life threatening trips to the tax office with cash
Provide transparency and traceability that exceed Financial Institution requirements
Seamlessly integrates with ANY Point-of-Sale (POS) or Seed-to-Sale (S2S) system
Customers will have more purchasing power with the CannaCard
Increase retail sales by as much as twenty-percent (20%). Studies show that consumers spend upwards of 20% more when paying with a prepaid loyalty rewards card (CannaCard) vs. cash
Generous Loyalty and Rewards program paid directly to the retail merchant
Mobile App with our proprietary technology
Customizable CannaCard with your business LOGO to spread Brand awareness
Cash can be conveniently loaded to CannaCard online, at participating retailers, ACH from bank accounts and employer direct deposit
Behavioral analysis and geo-location service to capture and retain market share
Speed up staff transactions with complete accuracy, eliminating cash within the business stopsall diversion potential by staff as well as transaction errors.
Bookkeeping just became much easier. No more long hours with money counting machines
Reduces the threat of robbery and violent crime thus making a safer environment for employees, management, customers and the community.