Proprietary Software & Technology Integrated to Ensure Your Banking Relations and Compliance, Customer Satisfaction, Prevent and Stop Diversion, and Protect Privacy!

CannaTrac Technology provides a TRUE cashless system for the consumer, retail merchant and financial institution that provides full traceability. We protect the confidentiality and privacy of the consumer while providing the required transparency for Qualifying accounts, Verifying dollars and assist Financial Institutions in Satisfying their regulatory requirements, that benefit all industry participants.      

 fINANCIAL INSTITUTIONS

Banks and Credit Unions will have an additional tool that helps in their risk assessment and regulatory oversight

Retail Merchants

Businesses operate more efficiently by integrating our software to ensure banking relations through financial transparency

 

government Agencies

Taxing authorities will have the ability to maximize the monetization of this new and ever evolving Billion dollar industry



Banking Solutions and Benefits

 

CANNATRAc IS dedicated to reducing the regulatory burden on financial institutions!

The need for the Cannabis Industry to have comprehensive banking privileges is critical to the safety and health of the community.  An all cash industry is dangerous, reckless and lacks the transparency for financial institutions to consider banking this Billion dollar industry. 

We developed a fully transparent vetting process, that Qualify, Verify and Satisfy regulatory compliance.  Our compliance procedures include Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Financial Crimes Enforcement Network (FinCEN), Cole Memo and other key policies. 

Some of the features and benefits of the CannaTrac System include:

  • Trace ALL financial transactions processed through our proprietary network, which are accessible in real-time and available to financial institution for oversight of their cannabis industry accounts 

  • Provide complete fiscal visibility and surveillance, CannaTrac's system is the safest, most efficient and effective way to generate reports that support requirements mandated by FDIC, Financial Crimes Enforcement Division (FinCEN) and the Office of the Comptroller of the Currency (OCC)

  • Financial Institutions will be able to acquire market share without increasing their overhead and regulatory risk assessment. Our processes will augment their internal routine and controls  

Financial Institutions that are currently or have a desire in the future to service accounts associated with legal medical or recreational cannabis related dollars should consider the CannaTrac system.  

 

Please call us at 844-CANNATRAC or email us at info@cannatrac.com to see how CannaTrac's systems, policies and procedures can assist your financial institution in satisfying regulatory requirements and compliance with the latest US Treasury FinCEN Guidelines, while increasing market share.

 

 Solutions and Benefits

 

CannaTrac Technology understands the desperate need for banking privileges to the state sanctioned, licensed medical and recreational cannabis industry.  Financial Institutions wish to service legally authorized retail merchant accounts, however accepting cash deposits puts those institutions at significant risk as the cash is neither traceable nor trackable.  Complete transparency is critical to establish long-term banking relations.  

Consumer confidentiality, convenience and overall experience is our top priority!   We created innovative, user-friendly applications to facilitate Financial Institutions and the Cannabis Industry working together. There are significant benefits to ALL Industry participants built within the CannaTrac system and the CannaCard™

Some of the features and benefits of the CannaTrac System include:

  • Pay tax revenue and fees immediately – Government entities receive the sales, excise tax and fees on a daily basis, no more suitcases and life threatening trips to the tax office with cash
  • Provide transparency and traceability that exceed Financial Institution requirements
  • Seamlessly integrates with ANY Point-of-Sale (POS) or Seed-to-Sale (S2S) system
  • Customers will have more purchasing power with the CannaCard
  • Increase retail sales by as much as twenty-percent (20%).  Studies show that consumers spend upwards of 20% more when paying with a prepaid loyalty rewards card (CannaCard) vs. cash
  • Generous Loyalty and Rewards program paid directly to the retail merchant 
  • Mobile App with our proprietary technology 
  • Customizable CannaCard with your business LOGO to spread Brand awareness
  • Cash can be conveniently loaded to CannaCard online, at participating retailers, ACH from bank accounts and employer direct deposit
  • Behavioral analysis and geo-location service to capture and retain market share  
  • Speed up staff transactions with complete accuracy,  eliminating cash within the business stops all diversion potential by staff as well as transaction errors.
  • Bookkeeping just became much easier.  No more long hours with money counting machines
  • Reduces the threat of robbery and violent crime thus making a safer environment for employees, management, customers and the community.

For more information please call 844-CANNATRAC or email us at info@cannatrac.com

 

 

 
Focus on your Customers 

Focus on your Customers 

True Cashless Solution to Prevent Diversion

 

CannaTrac's proprietary software is designed to help protect your community and industry participants by removing a significant amount of cash from transactions while providing transparency thru traceability.

  • The CannaTrac system facilitates the secure and proper collection of fees, excise taxes and sales taxes from the unique and emerging Billion dollar market of the Cannabis Industry  
  • Real-time monitoring of ALL financial transactions and guaranteed daily deposits to the States Taxing Authority/Department of Revenue of taxes and fees collected from each transaction....NO Delay!
  • Regulatory agencies will have access to ALL product and financial transaction data with comprehensive data analytics
  • Communities will be safer when CannaTrac's cashless system are in place

 

Consumer Benefits 

Consumer driven software and technologies designed for today's mobile lifestyle. The CannaCard and App is an essential part of our business. We make it convenient to shop from home, the office or on the road, just pre-order and pay with your phone. 

Our App enhances the customer's shopping experience, it's not just an App with a barcode; it engages the customer throughout the entire process, culminating in a secure payment procedure at the store.  The application combines all aspects of target marketing such as customer acquisition, conversion, loyalty, as well as Secure EFT into a single process that increases value and enhances the shopping experience. 

In-Store Text Specials:  Texted or location driven shopping app specials can be driven to the customers    on the spot while they're in the store, at home or virtually anywhere.

Mobile Ordering:  The consumer can transmit his/her order to the store and a personal shopper picks and boxes the order for pick-up.

Previous Purchases:  Identifies where and what item in a previous purchase was made, at what cost and with character description, the customer can provide private or public comments on the product or service of the dispensary.

Fast Secure Payment:  Select from pre-enrolled payment options for fast secure at the checkout lane.     One click payment combines all the features of our proprietary Loyalty and Payments into one entry.  

Our App uses CTI's Behavioral Analytical Engine to recommend and target promotions and products to the customer.  Coupons are sent to the customer based on historical purchases, and not just by manual selection. Proprietary software automatically reminds and recommends, as well as searches out coupons and offers.