Bhang Corporation, a portfolio company of Mentor Capital, has formed Bhang Financial to offer the cannabis community non-cash payment options with cashless ATMs for PIN debit network transactions and ATMs.
In order to enable clients to maintain inventory and track sales efficiently, the new Bhang division will also provide fully integrated point of sale (POS) software solutions to cannabis community.
Bhang Corporation president Scott Van Rixel, who has recently re-elected National Cannabis Industry Association board member, said, "Across the industry, we are all aware of the issues in dealing with a cash business. With a Bhang product being sold every minute of every business day we here are focused on our clients’ non-cash payment needs.
"To best help, Bhang Financial systems have been built by a team of talented individuals with more than 60 years of payment processing and banking experience," Rixel added.
Mentor Capital CEO Chet Billingsley commented, "We are especially pleased to have provided funding for the expansion of our investee, Bhang Corporation, into this important area of card processing."