The Legal Market Was Never Built for Payments, Why Cannabis Still Breaks the Rules ft. Aubrey Amatelli

The largest payment processor in the world handles cannabis in Canada. In the U.S., they will not touch it. That’s the gap. Aubrey Amatelli left JP Morgan believing that if you followed the rules, aligned with card brand requirements, and structured things correctly, you could build a compliant, stable payment product. Then came Mastercard shutdowns, a failed tech partner that cost six figures, and a stretch where 5,000 dispensaries lost payment access in a matter of weeks. What came out of that was a different approach to building in cannabis. Redundancy is not a feature. It is the product. This week we sit down with Aubrey Amatelli to discuss the following: • JP Morgan to cannabis payments • A failed partner and six figures lost • Why moving from cash to card changes ticket size   Chapters 00:00 Navigating the Cannabis Payment Landscape 02:55 Understanding Payment Processing Challenges 05:57 Building Redundancies in Payment Solutions 09:02 The Impact of Federal Legislation on Payments 12:08 Consumer Education and Payment Solutions 15:03 Product Development and Market Needs 18:02 The Evolving Nature of Cannabis Payments 21:28 Navigating Cannabis Payment Solutions 22:12 The Rise of Cryptocurrency in Alternative Medicine 26:36 The Future of Cannabis Banking and Federal Legalization 30:22 AI's Role in Payment Processing 33:57 Understanding Payment Processing Challenges in Cannabis 37:10 The Importance of Average Ticket Growth   Guest Links https://www.linkedin.com/in/aubreyamatelli/ https://payrio.co/ Our Links Bryan Fields on Twitter Kellan Finney on Twitter The Dime on Twitter Extraction Teams: Want to cut costs and get more out of every run? Unlock hidden revenue by extracting more from the same input—with Newton Insights. At Eighth Revolution (8th Rev), we provide services from capital to cannabinoid and everything in between in the cannabinoid industry. The Dime is a top 5% most shared  global podcast The Dime is a top 10 Cannabis Podcast  The Dime has a New Website. Shhhh its not finished. 🎥 YouTube:  The Dime 📸 Instagram:  The Dime https://www.newton-insights.com/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.