Cannabis dispensaries are regulated by the Arizona Department of Health Services. They began accepting applications for dispensary licensing on January 19th, 2021 and granted their first approval a mere three days later.
After obtaining a license from the ADHS, you must apply for a transaction privilege tax (TPT) license with the Arizona Department of Revenue. This license is needed to adhere to the taxation requirements of the Smart and Safe Act. Recreational cannabis products are subject to the TPT and an additional 16% excise tax.
For more details on payment processing laws in the state of Arizona and how they can affect your cannabusiness, contact a Paybotic representative today for assistance.
Paybotic offers tailored payment processing solutions to any Arizona dispensary. We understand that cannabis laws are ever-changing and we work hard to ensure that we remain compliant to all applicable regulations.
We partner with financial institutions that understand the unique underwriting requirements for cannabis products.
Paybotic provides dynamic solutions and best-in-class customer service to meet the unique demands of legal cannabis merchants. We offer low monthly fees and little to no setup costs, allowing you to maximize profitability. Our payment processing solutions are not just cost-effective, but they are efficient and secure, as well.
Getting started with Paybotic is as easy as submitting a simple online application. We offer lightning-fast processing, with most merchants receiving approval within 48 hours.
We serve the following high-risk cannabis businesses:
Paybotic is the premier Arizona payment processing partner that can set you up for success, and we look forward to helping you grow your business. If you are ready to break into the Arizona recreational cannabis market, contact Paybotic at the link below for more information or to start an application.