Addressing the Cannabis Industry Banking Crisis

Addressing the Cannabis Industry Banking Crisis as Bethany Moore speaks with Lance Ott, the Founder and CEO of Guardian Data Systems, and Board member of NCIA.

Cannabis Industry Banking Crisis

Lance Ott, a cancer survivor and founder of the financial consulting firm Guardian Data Systems, launched his service so that people buy medical marijuana from dispensaries online using a credit or debit card.

Using Guardian’s Gateway service, buyers, who are pre-approved members of state-licensed dispensaries, can link a credit card to the site, view what merchants have in stock, pay for pot online and, in states where home delivery is legal, receive orders at their doorstep.