Cannabis Payment Processing In Province of Alberta
We understand the many challenges faced by cannabis dispensaries payment processing concerning banking and financial services. But we are here to alleviate the pain.
At SiftPay, we have been with the Cannabis industry for years, assisting Storefront Dispensary across the Canada with CBD credit card processing and payment services banking for cannabis, including CBD business banking.
We have a CBD credit card, and cannabis payment solutions that allow online Seller of CBD in the Province of Alberta to get the advantage of CBD online banking login, CBD oil merchant account, CBD bank contact number, CBD credit card apply for CBD payment gateway, CBD bank credit card, CBD business account payments. Our solution is the best for dispensary owners for many reasons, especially the savings it offers over traditional CBD merchant account solutions.
Unlike traditional cannabis banking or CBD account, cannabis dispensaries are growing at a rate of 5-6% and our solution does not have a transaction processing fee. The profit of our solution through traditional CBD oil merchant processing accounts is thousands of dollars per month.
The fast and easy approval and setup process allows dispensaries in the Province of Alberta to install operating equipment in 7 working days or less. Devices are pre-programmed; express mail is sent, and configured for plug-and-play operation. CBD payment through CBD Credit card processing is the process of connecting power, Ethernet or phone lines, and swipe cards. SiftPay sets up merchant accounts for retailers of the cannabis and CBD industry.
Here are the highlights of the solution:
- Accept major credit & debit cards
- No holdbacks or stockpiles
- Online reporting
- The merchant does not pay any processing fee
- Banking services
SiftPay is a proud supporter of the legal cannabis industry, and is happy to assist hundreds of Cannabis Delivery Service with CBD online banking registration, hemp payment processing, medicinal cannabis payment processing, or medicinal marijuana payment processing and recreational cannabis payment processing services in the Province of Alberta. If you are ready and sure to set up a credit card for CBD oil payment processing or CBD products payment processing for your dispensary, call us now!
We serve various industries!
Recent research on increased demand and cannabis-based products indicates the potential for industrial growth in the future. Many provinces in Canada have legalized CBD and hemp-based products, which are completely changing the market. They are no longer used by a group of people, but are embedded in different markets.
SiftPay sets up merchant accounts for retailers of Airlines, Vape/eCig/CBD, Adult entertainment, Agriculture, Alcohol, Accounting, Construction, Cryptocurrency, Financial services, Bad Credit, Dating Websites, Gambling, Insurance, Legal Services, Lending, Manufacturing, Mining, Newspaper Agencies, Liquor/Hard Alcohol Outlets, Auction Websites, Nutraceuticals, Real estate companies, Online Video Gaming, Fantasy Sports, Direct Response/Infomercials, Time Cancellation Services, Online Tobacco, Debt Consolidation, Electronics, Restaurants, Retail, Staffing, Transportation, Travel agencies, Trucking, Utilities, Wholesaling, Collection Agencies, Event Ticket Sales, Pharmacies (Retail), Educational Seminars/Leadership Coaching Centers, Ticket Brokers, Merchant lenders (short term loan financing), Loan Services, Direct Marketing/Multilevel Marketing (MLM) Agencies/Biz Opportunity, US-based online pharmacies, Adult, retail and streaming hubs, Online Firearms and Gun Sales, High Volume Merchants, Continuity/Subscription Merchant Accounts, Credit Repair/Collection Agency, Document Preparation Centers, High-Risk Processing, e-commerce and Credit Repair Companies, Tech Support, Software & E-books, Dropshipping, Foreign Exchange, Stock Exchange, Timeshare services, Weight Loss and Diet Programs, Payday Loans, Social media/ Gaming, Subscription Based Services, Telemedicine, Coaching Centers for Real Estate, Business, and Life, Medicinal/Recreational Marijuana Retailers, CRB Retailers, CBD, Hemp, and Cannabis Lab Testing Centers, Paraphernalia Processing Companies, and Membership Sites.
However, SiftPay also plans to cover various low risk industries including, Auto Repair, B2B, Business & Professional Services, Car Dealerships, Churches/Nonprofits, Contractors/Home Improvements, Coffee Shops/Cafes, C-Store/Independent Gas Stations, eCommerce, Fitness Studios & Gyms, Flooring, Grocery Stores, Legal Services, Liquor/Beer Stores, Lodging & Hospitality, Medical & Dental Offices, Pet Stores, Pharmacy & Drug Stores, Property Management, Restaurants & Bars, Salons & Spas, Schools, Universities & Educational Institutions, Veterinaries and more.
Alternative Payment Methods for CBD Merchants
Although a considerable percentage of the community uses Visa and Mastercard for financing for goods and services online, many other techniques are being used in various regions. SiftPay offers a wide range of alternative payment methods. As we know that localization is essential to ensure a smooth customer experiences, CBD oil payment processing is done through all major transactional platforms.
What is no longer a criminal offense?
In October 2017, the province of Alberta voters approved the legalization of possession of a minimum amount of marijuana for personal use (after coming of federal Bill C-45). The selling of edibles and oils started in October 2019.
Consequently, it is legal for a person to do the following but must be at least 18 years old:
- Hold 30 grams or less of marijuana;
- If there is no payment or delivery of other goods or services, transfer one ounce or less of marijuana to another person who is at least 18 years old;
- Grow four cannabis plants in their habitat, no more than three of which are immature;
- Cannabis-related drugs like bongs, cigarette rolling papers and cigar wrappers – ounces or less associated with marijuana; Or
- Use marijuana on private property.
How does this affect youth?
To keep youth from using cannabis, the Cannabis Act tends to specific worries about minors. It precludes:
- items that are attracting youth
- marking cannabis such that makes it attracts youth
- selling cannabis through self-service and vending machines
- promoting cannabis, aside from in limited circumstances where the promition couldn’t be seen by youngsters
Punishments for disregarding these restrictions incorporate a fine of up to CAD 5 million or three years in prison. Also, the Cannabis Act makes two new criminal offenses, with the maximum punishments of 14 years in prison for giving or offering cannabis to youth and for using a young child as a peddler to carry out a cannabis-related offense.
Enforcement of Federal Law Agencies
The Province of Alberta has legalised 30 grams of marijuana for people over the age of 18. Alberta permits privately owned businesses to sell cannabis at authorized retail storefronts. Private retailers must buy cannabis from the provincial distributer, the AGLC. The Alberta government is the sole online business commercial center for cannabis deals in the province.
Legalized CBD
Marijuana, also known as CBD, is extracted from the cannabis plant and is a natural remedy for many ailments. Hemp is cultivated for its fiber and edible seeds. Hemp oil is used for hair growth and often used in skin creams. Products related to nutraceuticals helps in the growth of muscles. Medicinal and recreational marijuana, cannabis and hemp are legal in the province of Alberta. It is very demanding as it does not tolerate THC’s psychological effects as long as THC’s content levels are within specified limits. CBD and Hemp Oil are one of the most popular CBD products that entail hemp payment processing.