Consumer Payment Card News

Weed Card

Getting right to light up the market comes a new prepaid card that will enable the legal purchase of marijuana in up to 14 states. The card will also serve as an ID card for licensed medical marijuana dispensaries and collectives operating within the states of California and Colorado. Commerce Online and RedFin Network have teamed to offer the new card. The Commerce Online branded, pre-paid loyalty and ID card will be marketed through its Collective Card Services division, and may be loaded to any denomination of funds with direct deposit at local bank, via the Internet, point-of-sale system by the member of the collective or medical dispensary. Fourteen states currently allow some use of marijuana for medical purposes: Alaska, California, Colorado, Hawaii, Maine, Maryland, Michigan, Montana, Nevada, New Mexico, Oregon, Rhode Island, Vermont and Washington. There are an estimated 300,000 to 400,000 medical marijuana patients in California. The new card is expected to be up and running within a few weeks. For more information visit: www.commerceonlineinc.com and www.redfinnet.com

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