Block's Square Enters Canadian Cannabis Market
20 September 2023 - 9:45PM
Dow Jones News
By Will Feuer
Square, the payments platform owned by Block, is entering the
Canadian cannabis market through a partnership with Jane
Technologies, an online-ordering platform for cannabis
dispensaries.
Square also said it has started an early-access program for
licensed cannabis dispensaries in Ontario, allowing them to test
Square's point-of-sale service in stores ahead of a broader roll
out.
"At Square, we're always looking to solve sellers' pain points
and we know cannabis dispensaries have limited options when it
comes to reliable and integrated commerce tools," said Roshan
Jhunja, Square's head of retail.
Earlier this week, Square said Chief Executive Alyssa Henry
plans to depart on Oct. 2. Block CEO Jack Dorsey will step in to
run the unit.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
September 20, 2023 07:30 ET (11:30 GMT)
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