DENVER, Oct. 25, 2016 /PRNewswire/ — CS Compliance Systems, developers of CannaScore – the world’s first real-time regulatory compliance auditing application for the cannabis industry, announced that its credit card processing privileges were revoked after their bank realized that CannaScore was providing services to the marijuana industry. In response, the company announced that it is now offering its products free of charge, on a limited basis.
“It is absurd that we had our credit card processing revoked,” said Thomas Smith, Managing Partner of CS Compliance Systems. “CannaScore is a software application that helps cannabis businesses stay compliant with the complex web of regulations that govern this sector. Ironically, some of our biggest customers are banks, because they like to use our auditing tools to give them assurance that their cannabis-based business customers are following all regulations.”
After the company had its credit card processing revoked, management decided to offer the award winning product suite at no cost, for a limited time. Cannabis growers, producer processors, dispensaries, retailers, extract and edible manufacturers, along with those that do business in the marijuana sector, including insurance companies, landlords, and yes, banks, can now visit the CannaScore website and use the system for no charge.
“Our team comes from within the compliance and cannabis industries,” Smith said. “We are not Wall Street outsiders. We are a team of dedicated professionals that knows this industry inside-out, and has developed an innovative program designed to protect cannabis-businesses,” he added. “Now we share some of the same challenges with banking that our customers face on a daily basis.”
To take advantage of the free use of the CannaScore system, log on to www.cannascore.net and follow the link to “Free Trial.”
CS Compliance Systems developed CannaScore – an award winning application that provides real-time compliance auditing, scoring and analysis configured to specific state and local regulations, examining a wide range of vital business functions. Verified companies receive compliance certifications, giving assurance to regulators, banks, investors, landlords and company management.