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Friday, July 11, 2014 6:39:50 PM
Correct me if I am wrong, but this payment system will not gain much traction. It is only a short matter of time before banks and credit card companies begin to work with the dispensaries.
Once this happens, ADCS and GreenStar are toast..and gone.
So, why do so many people think this is a gold mine? More and more states are legalizing cannabis, thereby increasing the chance that bank will be able to deal directly with the dispensaries. Why would they even need GreenStar or ADCS at that point?
Maybe this is one of the reasons why this company is slow to sign contracts. Perhaps the dispensaries are waiting to do business with the big banks and credit card companies, rather than implementing GreenStar's system.
As for brand loyalty programs, the banks and credit card companies have well established loyalty programs in place. Adding cannabis would be an easy task.
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