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April 7, 2022
Seattle-base POSaBIT Systems, a leading provider of payments infrastructure in the cannabis industry, has brought its point of sale system to New Mexico, coinciding with the start of recreational cannabis sales in the state on April 1. POSaBIT expects to go live in roughly 20 New Mexico dispensaries during the first two months of recreational sales. POSaBIT is a financial technology company that delivers payment processing and point-of-sale systems for cash-only businesses. POSaBIT specializes in resolving pain points for complex, high-risk, emerging industries like cannabis, and providing a safer and transparent environment for merchants while creating a better overall experience for the consumer.