Cannabis Retailers Owed
Linx Card, which touts itself as a “primary provider” of debit merchant services to marijuana retail stores, has faced a flurry of lawsuits in recent months from cannabis businesses that allege the California firm owes them millions of dollars.
Linx includes a platform where customers can load up Linx “gift” or debit cards at a terminal in a retail outlet and then make purchases in the store using the card. Customers also can load cards through the Linx website.
Linx allegedly owes money to at least the four cannabis businesses below, according to various court filings across the country. (The filings were made under the businesses’ corporate names):
In a statement emailed to Marijuana Business Daily, Linx CEO Patrick Hammond wrote that the company is working to resolve the issues and plans to pay retailers “in full.”Reef Dispensaries, which has shops in Arizona and Nevada: $1.5 million.
Planet 13, a retailer with a superstore in Las Vegas: $939,010.
Silver Stem Fine Cannabis, a Colorado retailer: $114,962.
Pineapple Express and Universal Herbal Center, which have shops in California: $40,092.
Read on at https://mjbizdaily.com/cannabis-payment-provider-allegedly-owes-millions-to-mj-retailers/?utm_medium=email&utm_source=newsletter&utm_campaign=MJD_20191224_NEWS_Daily
Here’s the Linx site if you want to learn more about what they are, or should we say, aren’t doing.