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2020 Solutions Marijuana Stores Begin Accepting Debit


On Dec. 12, Bellingham’s 2020 Solutions began accepting debit payments at both its stores. It is the first marijuana retailer north of Seattle to do so.

The transactions will go through a new company CanPay, which is based in Colorado. To pay by debit, consumers download the CanPay app (which costs 99 cents annually) and link it to their checking account. They then use their phone to pay at checkout.

CanPay uses the Automated Clearing House Network, a reliable and efficient batch-oriented electronic funds transfer system.

Most banks don’t charge consumers for those transactions.

“Retailers like 2020 Solutions want to provide customers with a legitimate, transparent, secure debit payment solution and have identified CanPay as the best option,” said CanPay CEO Dustin Eide.

Previously, marijuana shops haven’t been able to accept debit or credit because financial institutions don’t want to run afoul of the federal law, under which marijuana is still illegal. That means that most customers have to pay in cash, which means customers must make an extra trip to an ATM before going to the store, and carry potentially large amounts of cash around with them, or go to an in-store ATM, which charges fees.

“This is a big improvement for our guests and our employees,” said Aaron Nelson, senior vice president for 2020 Solutions. “Customers no longer have to carry large amounts of cash when they come to our store or use ATMs that charge them fees. It also is safer for our employees, because we won’t be handling as much cash and won’t be seen as ideal targets by criminals.”

The two stores are both in Bellingham, and are at 2018 Iron St. and 5655 Guide Meridian. 2020 Solutions in the largest marijuana retailer in Whatcom County with almost $11 million in sales in more than two years.

To view the original article from BBJ click here

Bellingham Business Journal

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Join the 2020 Rewards Program Now!

Earn 10 points for every dollar you spend at any of our three Whatcom County Locations. Every 200 points

earned can be redeemed for $1 off any purchase. That is $1 banked in rewards for every $20 you spend!

Reward Points can be combined with any store discounts for up to 50% off your purchase - ANY TIME!

Some restrictions apply: Reward Points may be redeemed anytime for up to 50% off the original menu price. Rewards Points may be combined with Daily Specials, quantity discounts, and other promotions – as long as the discount does not exceed 50% of the original menu price. Product pricing, selections, and availability may vary by location. State law prohibits us from selling a product for less than our cost, plus tax. Please note that some products may be excluded from discounts to comply with these state regulations. The 2020 Solutions Rewards Program is available to all guests. We reserve the right to modify or discontinue this program at any time.

Warning: Marijuana products may be purchased or possessed only by persons 21 years of age or older. This product has intoxicating effects and may be habit forming. Smoking is hazardous to your health. There may be health risks associated with consumption of this product and should not be used by women that are pregnant or breastfeeding. For use only by adults twenty-one and older. Keep out of reach of children. Marijuana can impair concentration, coordination and judgment. Do not operate a vehicle or machinery under the influence of this drug.

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