Exclusive: Square Exec Unveils Cannabis Delivery Partnership Details - A 'Huge' Market
Portfolio Pulse from Javier Hasse
Square Inc (NASDAQ:SQ) has announced a partnership with Jane Technologies, an online ordering service for cannabis dispensaries, to develop commerce solutions for the growing recreational cannabis industry in Canada. The move is part of Square's strategy to solve sellers' pain points and navigate the complex regulatory landscape of the cannabis industry. The company is also considering expansion into more provinces in Canada and exploring ways to offer sellers more products at competitive price points. The partnership with Jane Technologies is seen as a significant opportunity to create better business solutions for the recreational cannabis industry in Canada.
October 16, 2023 | 12:13 pm
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Square's partnership with Jane Technologies to develop commerce solutions for the cannabis industry in Canada could potentially boost its revenues and market presence. However, the complex regulatory landscape of the cannabis industry could pose challenges.
Square's entry into the cannabis market in Canada through its partnership with Jane Technologies could potentially increase its revenues and expand its market presence. The company's strategy to solve sellers' pain points and navigate the complex regulatory landscape of the cannabis industry could give it a competitive edge. However, the regulatory complexities and challenges associated with the cannabis industry could pose risks.
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