Cannabis-focused fintech company, Aeropay, is partnering and integrating with CannaHauler, a Denver, Colorado-based tech company optimizing marijuana business-to-business transportation.
Under this partnership, CannaHauler will integrate its transportation technology with Aeropay's cannabis-compliant, bank-to-bank payment solution, allowing cannabis operators to automate product transportation with digital manifests and invoices paid via Aeropay at the time of product drop-off.
“We’re excited to announce this partnership with CannaHauler which will create a digital cannabis supply chain for operators and eliminate market inefficiencies while optimizing B2B transportation with a user-friendly delivery platform,” stated Daniel Muller, CEO, and founder of Aeropay. “CannaHauler’s cannabis transportation technology allows companies to take the current manual process digital and help to keep people safe by eliminating cash payments.”
CannaHauler utilizes Metrc, a provider of cannabis regulatory technology systems in the U.S., and makes a digital manifest to solve cannabis transportation's reliance on an inefficient and extensive paper process. Now through Aeropay, CannaHauler offers compliant-ACH functionality for operators, eliminating the need for cash transactions.
When selecting Aeropay and CannaHauler, cannabis businesses have a platform to manage delivery and transport with compliant digital payment options.
“This integration with Aeropay removes inconvenient barriers for senders, transporters, and receivers of cannabis products,” Nicholson Medlock, founder and CEO of CannaHauler said in a statement. “We help businesses get paid faster by providing digital manifests and invoices with a payment link at the time of product drop-off.”
“By automating cannabis logistics for the entire cannabis supply chain, this collaboration will improve safety and reduce the risk of theft, fake orders, or misplaced manifests,” Medlock concluded.
Patrick Halpin, CEO, and founder of Cannabis Transport Services, one of the industry’s leading transportation services, said. “Cannabis transporters within the industry have been looking for ways to refine the transportation process and this new integration from CannaHauler and Aeropay delivers outstanding value. Removing the need for cash payments is a huge improvement for our delivery and transportation payment best practices. CannaHauler’s digital manifest and driver app allow users to keep better track of deliveries and inventory while organizing more effective transportation workflows.”
Photo: Courtesy of Shane Rounce on Unsplash
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Missed the first wave of cannabis investments? Don’t make that mistake again.
Experts believe cannabis stocks have found their floor and are now poised for unprecedented growth.
Join Benzinga PotProfits. Our in-house canna stock expert, Michael Berger, is on a mission to uncover the most promising cannabis stocks poised for growth, even in a dull market. He leaves no bud unturned to bring you the juiciest potential double-digit opportunities!
Just this year, the PotProfits portfolio has seen smoking-hot gains like:
- 47.10% with $GTBIF
- 40.23% with $TCNNF
- 21.50% with $VFF
But here's the kicker: Michael is about to release his next potential winners, and he's chomping at the bit to share these ticker symbols with you ASAP.
Don't miss out on the green rush!