Bespoke Financial, a cannabis ecosystem fintech and payments firm, is looking to expand its ‘buy now pay later’ (BNPL) service for cannabis businesses in California and Massachusetts later this year. The initiative follows a fruitful trial launch in July that allowed cannabis retail outlets to purchase items from growers using a program that allows them to remit payments after the product(s) have been sold. The service, which employs the point-of-sale software of partner company Blaze, will target the marijuana industry, which is currently restricted by federal regulations from obtaining financing from banks.
Cannabis Fintech Bespoke to Expand BNPL Base in Cash-Starved Industry | Reuters
