Cannabis businesses operate under state regulatory reporting requirements that cover sales, inventory, and in many cases payment method tracking. The crypto payment processing solution needs to generate transaction records that are compatible with these reporting requirements so that cryptocurrency sales can be accounted for in state compliance filings alongside other payment activity. A cannabis crypto payment gateway that does not integrate with the merchant's compliance reporting infrastructure creates a manual reconciliation burden that adds operational cost without adding value.
27 Blockchain configures the cannabis crypto payment processor integration to produce transaction records in formats that are compatible with the merchant's existing compliance reporting workflow. The specific requirements vary by state, and 27 Blockchain's integration team accounts for the merchant's state regulatory environment as part of the checkout and backend configuration process. Cannabis businesses that have concerns about how cryptocurrency payment processing interacts with their specific state reporting obligations can raise those concerns during the assessment phase before the integration is built. 27 Blockchain works through the compliance reporting requirements as part of the integration scope rather than leaving them as something the merchant resolves independently after the gateway is live.
