Square Bets On Weed: Payments Giant Now Serving Cannabis Businesses
Portfolio Pulse from Jelena Martinovic
Square, owned by Block Inc (NYSE:SQ), has partnered with Jane Technologies to serve cannabis sellers in Canada. Jane's platform allows cannabis dispensaries processing with Square to supplement their physical business with an online store. Square also announced an Early Access Program for licensed cannabis dispensaries in Ontario to test the Square for Retail point of sale (POS) solution.
September 20, 2023 | 2:21 pm
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Square's partnership with Jane Technologies to serve cannabis sellers in Canada could potentially increase its customer base and revenues.
Square's partnership with Jane Technologies allows it to tap into the growing cannabis market in Canada. This could potentially increase its customer base and revenues. However, the impact will depend on the adoption rate of the new service by cannabis dispensaries.
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