Cannabis consumers in California have a new way to help protect themselves during the coronavirus pandemic with a new contactless payment and delivery system launched this week by Caliva and its technology partner Hypur. The new feature is now available for pickup at Caliva’s retail stores and for delivery to customers in Los Angeles and the greater San Francisco Bay Area.
The system relies on a secure digital payment service from Arizona-based Hypur, which started out offering regulatory compliance technology used by banks that serve highly regulated industries including check cashing, payday loans, international transactions, and other legal businesses that have banking challenges. The company then used that experience and technology to launch the Hypur payment system for cannabis transactions.
“This industry has lacked a sustainable, predictable, and compliant payment method since the beginning,” Hypur chief revenue officer Tyler Beuerlein said in a phone interview. “The reason for that is not a payment problem, it’s a banking problem. So, it’s taken us nearly six years to build out the regulatory compliance framework to launch our payments