The partnership will consist of an integration between AeroPay’s payment platform into Blackbird’s white-label dispensary menus and the BlackbirdGo cannabis marketplace.
Blackbird customers will have access to an online pre-pay option for ordering items for delivery or curbside pickup.
The payments made with AeroPay will then be funneled into a secure bank-to-bank transfers between patients and the businesses, the release says.
Because of the cannabis industry’s federal status as an illegal one, taking traditional card payments isn’t possible for most businesses. And many major banks don’t do business with cannabis businesses for that reason, too, the release says, and these factors lead to most businesses to transact primarily in cash–a fact that presents long-term issues for these companies.
The Blackbird and AeroPay relationship is one of the partnerships trying to change that. AeroPay CEO and founder Daniel Muller said the partnership came about because both companies want “to give cannabis businesses the ability to operate in the same manner as any other business would,” the release says.
“Cash payments have dominated the cannabis retail consumer experience until now,” said Tim Conder, CEO & Co-Founder of Blackbird, according to the release. “As licensed cannabis operators, we know the bene-fits of moving toward cashless payments but also understand the challenges with banking as a cannabis business. Our partnership with AeroPay and the integration of our platforms allows our retail partners and their customers to easily accept digital payments and remove the hurdles as-sociated with being a cash only business. Additionally, AeroPay’s banking relationships will help eliminate barriers for our retail partners.”
The two companies are also working together to develop efficient solutions for cannabis physical retail and B2B.