Spendr, an all-in-one cannabis payment, rewards and marketing platform for consumers and dispensaries, has announced that it will be launching in Michigan at the Endo Cannabis Center in Adrian. This is the latest market and merchant to embrace Spendr’s frictionless ACH payment and rewards app. In March, Spendr launched in Ohio at Strawberry Fields’ Columbus dispensary, which saw a 28% increase in Average Transaction Value, faster checkout times by 1-2 minutes per transaction, and over 98% of all users continuing with the app due to its ease, seamless payments and rewards. Spendr plans to expand into additional markets and dispensaries later this year.
‘We are thrilled to be launching in Michigan at the Endo Cannabis Center in Adrian,” said Lucas Gould, founder and CEO, Spendr. “As a medical marijuana patient and cannabis consumer, I experienced first-hand the frustration of cash-only transactions. With Spendr, our goal is to deliver a faster, more convenient, and rewarding experience for consumers and merchants. We saw an amazing response in Ohio and are excited to see Michigan embrace our platform. We look forward to rolling out in more markets and will continue to work to normalize, destigmatize and improve the cannabis industry.”
“I’ve had multiple people tell me that with Spendr, it helps minimize all the headache of getting cash and easily being able to pay for the cannabis. Therefore making the whole process quick, easy, and very efficient. As a technician (budtender), it provides safe, quick, and seamless payment for the product without hassle of cash and having to even touch the money,” said Jon Roberts, dispensary technician at Strawberry Fields in Ohio.
Spendr is the first cannabis technology platform to launch a free all-in-one app that allows consumers to pay cashless and earn rewards with every purchase. Created and developed by Gould, a medical marijuana patient and cannabis consumer with a background in finance and technology, Spendr’s mission is to normalize and destigmatize the legal cannabis industry. The app features totally compliant and secure payments via ACH transfers with FDIC-insured wallets. For merchants, it's a powerful platform with tools for payments, marketing, and rewards.
In addition to making cannabis purchasing a faster, more convenient and more rewarding experience, Spendr is passionate about working with local and national organizations such as The Last Prisoner Project, Midwest CannaWomen and MedicateOH to sponsor, partner and collaborate on events—like expungement clinics and career fairs—that help push the whole industry toward a more normalized place. These events have impacted many lives and are a driving force for Spendr to work to improve the cannabis industry.