Bankcard International Group (B.I.G.), a provider of cannabis merchant accounts for payment processing, announced that its services have been approved by the Washington State Department of Financial Institutions. Traditionally, cannabis businesses have had to use "workaround" solutions for electronic payments or accept cash only. B.I.G. offers retailers in Washington, and any state where cannabis is legal, the opportunity to accept PIN Debit card payments just like traditional retail businesses.

"We are thrilled that the Washington DFI recognizes the need for payment solution oversight and that we have met their standards to gain approval as a cannabis payment service provider. By offering a traditional debit-card payment option, …

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