POSaBIT
POSaBIT is a publicly traded cannabis-specific point-of-sale and payment processing platform serving state-licensed dispensaries across the United States, with integrated compliance (Metrc), ACH/debit payments, loyalty, and omnichannel commerce. The April 2026 launch of POSaBIT Brands extends the platform to cannabis producers and processors with AI-driven inventory and B2B payments.
- Company typePublic
- Founded2015
- HeadquartersKirkland, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What POSaBIT does
POSaBIT (legal entity: POSaBIT Inc.) is a publicly traded (OTCQX: POSAF; CSE: PBIT) provider of point-of-sale and payment infrastructure purpose-built for state-legal cannabis retailers, headquartered in Seattle, Washington. Its platform comprises POSaBIT POS (point-of-sale with integrated loyalty, discounts, and reporting), POSaBIT Menus (omnichannel online ordering), Pocket POS (mobile POS), POSaBIT One (flexible payment gateway with multi-processor support), POSaBIT Pay (ACH-based Pay by Bank via Plaid), and the April 2026-launched POSaBIT Brands (AI-driven software for cannabis producers and processors). The technology stack integrates with state-mandated Metrc track-and-trace compliance, holds PCI DSS, KYC, AML, and TLS certifications, and connects to a partner ecosystem including Leafly, Weedmaps, Dutchie, Jane, Headset, Springbit, Divvy, and Enlighten.
The company's revenue model combines transaction-based payment processing fees, recurring POS software licensing and subscription revenue, and — since the 2022 licensing deal — guaranteed minimum royalty payments from an OEM partner. A $20 million four-year guaranteed minimum revenue software license agreement (signed August 2022) with a large cannabis technology partner anchors a meaningful share of revenue. POSaBIT earns additional SaaS revenue from POSaBIT Brands and fees from its consumer-facing mobile application. Go-to-market is direct enterprise field sales targeting both multi-state operators (one deployment covers 60+ locations across seven states) and SMB dispensaries, supplemented by content marketing and SEO through an industry-focused blog.
Founded in 2015, POSaBIT expanded through acquisitions of DoubleBeam (2018), MJ Freeway / Leaf Data Systems / Ample Organics (January 2023), and Hypur (April 2023), and was ranked #132 on the 2023 Deloitte Technology Fast 500. As of March 2025, POSaBIT processes over 85% of cannabis POS transactions in Washington State. FY2025 reported revenue was $10.0 million (adjusted basis $14.1 million), reflecting a strategic shift toward higher-margin licensing and technology revenue; gross margin expanded from 46% to 72%, operating loss was reduced by 60%, and the company achieved over $2.5 million in positive Adjusted EBITDA.
POSaBIT firmographics
Firmographics- Name
- POSaBIT
- Legal name
- POSaBIT Inc.
- Website
- https://posabit.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- POSaBIT is a publicly traded cannabis-specific point-of-sale and payment processing platform serving state-licensed dispensaries across the United States, with integrated compliance (Metrc), ACH/debit payments, loyalty, and omnichannel commerce. The April 2026 launch of POSaBIT Brands extends the platform to cannabis producers and processors with AI-driven inventory and B2B payments.
- Ownership category
- akta.pro rank
POSaBIT industry classification
Industry- Product category
- Cannabis Point-of-Sale and Payment Software
- NAICS
- Software Publishers (5132)
- akta.pro primary industry
- Third-Party White-Label Ordering & Delivery Platforms (SaaS + Logistics) (CRANAGAF)
- akta.pro secondary industries
- Cannabis Online Ordering for Dispensary Pickup (Click-and-Collect) (CRANAGAC), POS Payment Software & Middleware (Terminal OS, Apps, Device Management) (FSAMADAC)
Keywords
Where POSaBIT is headquartered
LocationHeadquarters
- HQ city
- Kirkland
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
POSaBIT business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Supply Chain
Revenue model
- Payment Processing Fees: POSaBIT charges transaction fees for processing electronic payments (ACH, debit) for cannabis retailers. As a technology provider to the merchant's bank, POSaBIT creates NACHA files on behalf of the merchant's bank for each transaction. Revenue is volume-based and tied to transaction throughput across its merchant base.
- POS Software Licensing and Subscription: POSaBIT earns recurring software licensing fees from its POS platform deployed at dispensary locations. The company signed a ~$20 million guaranteed minimum revenue software license agreement over four years with a cannabis technology partner, with monthly royalty payments per deployed POS device.
- POSaBIT Brands SaaS Revenue: Following the launch of POSaBIT Brands, the company generates SaaS/subscription revenue from AI-driven software deployed to cannabis producers and processors. This new platform doubles the addressable market opportunity by serving the previously unserved production and processing side of the cannabis supply chain.
- Mobile Application Services: POSaBIT provides a consumer-facing mobile application enabling customers to conduct transactions at participating cannabis retailers. The service includes POSaBIT Pay (ACH-based payments), real-time transaction history, and profile management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | POS platform pricing for cannabis retailers |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
POSaBIT product offering
Product offeringCore offering
POSaBIT sells an integrated cannabis point-of-sale and payment processing platform for state-licensed dispensaries, including POSaBIT POS (point-of-sale), POSaBIT Menus (online ordering), Pocket POS (mobile POS), POSaBIT Pay (ACH-based cashless payments), POSaBIT One (multi-processor payment gateway), and the umbrella POSaBIT Payments platform. The April 2026 launch of POSaBIT Brands extends the platform into AI-driven inventory, vendor management, and B2B ACH payments for cannabis producers and processors. Revenue is generated via per-device monthly software licensing/subscription, per-transaction payment processing fees, and OEM software licensing.
Product overview
POSaBIT offers an all-in-one platform for cannabis retail with a modular architecture comprising POS, payments, and emerging producer/processor solutions. The core portfolio includes POSaBIT POS (point-of-sale), POSaBIT Menus (online ordering), Pocket POS (mobile POS), POSaBIT Pay (ACH Pay by Bank), and POSaBIT One (payment gateway/handheld). These integrate with the umbrella POSaBIT Payments platform for unified commerce. The April 2026 launch of POSaBIT Brands extends the platform into the producer/processor segment of the cannabis supply chain with AI-driven business intelligence, inventory management, and B2B payments—effectively doubling the company's addressable market opportunity.
Differentiator
Problem solved
Functional benefit
Brands
- POSaBIT POS: Point-of-sale platform for cannabis retailers with integrated loyalty, customizable discounts, and detailed reporting.
- POSaBIT Menus
- Pocket POS
- POSaBIT Brands
- POSaBIT One
- POSaBIT Pay
Products and services
- POSaBIT POS Cannabis-specific point-of-sale platform offering integrated loyalty, customizable discounts, detailed reporting, delivery workflows, and an intuitive interface for state-licensed dispensaries.
- POSaBIT Menus Omnichannel online ordering platform that syncs in-store, online, and delivery sales for cannabis retailers, with customer profiles, purchase history, personalized offers, and real-time analytics across sales channels.
- Pocket POS Mobile point-of-sale solution for in-store, curbside, and delivery payments, enabling budtenders to serve customers anywhere without being fixed to a checkout counter.
- POSaBIT Pay ACH-based 'Pay by Bank' payment solution enabling cash-free cannabis purchases from customers' bank accounts online and in-store, powered by Plaid for secure bank account linking.
- POSaBIT One Backend cannabis payment gateway with customizable tips, split payments, integrated loyalty redemption, multiple processor support, and payment redundancy; powers the POSaBIT One Merchant Portal and handheld mobile payments.
- POSaBIT Payments Comprehensive cannabis payment processing platform combining POSaBIT One, POSaBIT Pay, and debit card acceptance into a single PCI DSS / TLS / AML / KYC compliant solution with real-time reporting and built-in redundancy.
- POSaBIT Brands AI-driven software platform for cannabis producers and processors with real-time sales and inventory reporting, vendor managed inventory, B2B ACH payments, business intelligence tools, and a centralized product catalog.
Quantifiable outcome
- 30% increase in average transaction value when customers use POSaBIT vs. cash
- +8 more outcomes
Companies that use POSaBIT
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
POSaBIT technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability5 records
Feature8 records
POSaBIT partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship and core.
- Large Cannabis Technology Provider (Licensee)flagshipPOSaBIT granted a non-exclusive, worldwide license to a large cannabis technology partner to commercialize POSaBIT's point-of-sale technology. The agreement includes a $500,000 one-time fee, $20 million guaranteed over four years in minimum royalties, and a buyout option after the third anniversary. The licensee prepaid the first year minimum royalty of $3.9 million.
- LeaflycoreLeafly is a cannabis discovery platform integrated with POSaBIT's POS system, enabling retailers to list products and connect with Leafly's consumer audience.
- MetrccoreMetrc is a state-mandated seed-to-sale track-and-trace system integrated into POSaBIT's platform for real-time compliance reporting across legal cannabis states.
- WeedmapscoreWeedmaps is an online cannabis marketplace integrated with POSaBIT's platform, connecting dispensaries with consumers and enabling order-ahead functionality.
- PlaidcorePlaid powers POSaBIT Pay's 'Pay by Bank' ACH payment solution, enabling secure bank account linking and verification for cashless cannabis transactions.
Scale indicators15 records
Recent moves7 records
Expansion highlights6 records
POSaBIT competitors and assessment
Company assessmentDirect peers
- Treez: Treez is an enterprise cannabis POS and retail management platform serving multi-state operators. It competes directly with POSaBIT's enterprise field sales motion targeting MSOs with 60+ locations.
- Jane Technologies: Jane is a cannabis e-commerce and retail menu platform serving dispensaries with online ordering, pickup, and delivery workflows. It competes directly with POSaBIT Menus and integrated POS offerings for the same dispensary customers.
- Weedmaps: Weedmaps is a major cannabis marketplace and SaaS platform with POS, payments, and consumer marketplace offerings to dispensaries. It is both an integration partner of POSaBIT and a direct competitor in cannabis retail technology and online ordering.
- Cova POS: Cova is a cannabis point-of-sale solution for dispensaries offering in-store, online, and curbside workflows. It is a direct competitor to POSaBIT POS and Pocket POS in the dispensary retail vertical.
- Flowhub: Flowhub is a cannabis-specific point-of-sale and inventory management platform built for dispensaries. It competes directly with POSaBIT POS for cannabis retail software contracts across U.S. state markets.
- Dutchie: Dutchie is a leading cannabis POS and e-commerce platform serving dispensaries across North America with online ordering, payments, and integrated compliance. It directly competes with POSaBIT POS, POSaBIT Menus, and POSaBIT Pay across the same cannabis-retail customer base.
Emerging players
- Leafly: Leafly is a cannabis discovery platform and technology provider with growing POS and retail SaaS capabilities. It is an integration partner of POSaBIT and an adjacent competitor in cannabis retail discovery and commerce.
- Springbig: Springbig is a cannabis loyalty and marketing automation platform with payment and POS-adjacent capabilities. It is an integration partner of POSaBIT and a partial-overlap competitor in cannabis retail customer engagement.
Broad incumbents
- Akerna / MJ Holdings (legacy): Akerna was a publicly traded cannabis enterprise software and seed-to-sale compliance provider (now restructured). It competed with POSaBIT's compliance and retail software stack at the enterprise/MSO level before its consolidation.
- Square (Block): Square provides broad-based POS and payments infrastructure to retailers. While it currently excludes cannabis, mainstream entrants like Square represent the long-tail competitive threat POSaBIT's cannabis-specialized payment workaround could face if federal rescheduling opens the vertical to general-purpose acquirers.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
POSaBIT social profiles
Digital presencePOSaBIT compliance and trust
Trust signalCompliance5 records
POSaBIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
POSaBIT leadership team
Management profileNumber of profiles
Profiles4 records
POSaBIT subsidiaries and ownership
Company hierarchySubsidiaries4 records
POSaBIT funding detail
Funding detailFunding overview
Funding rounds9 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
POSaBIT M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about POSaBIT
What does POSaBIT do?
POSaBIT sells an integrated cannabis point-of-sale and payment processing platform for state-licensed dispensaries, including POSaBIT POS (point-of-sale), POSaBIT Menus (online ordering), Pocket POS (mobile POS), POSaBIT Pay (ACH-based cashless payments), POSaBIT One (multi-processor payment gateway), and the umbrella POSaBIT Payments platform. The April 2026 launch of POSaBIT Brands extends the platform into AI-driven inventory, vendor management, and B2B ACH payments for cannabis producers and processors. Revenue is generated via per-device monthly software licensing/subscription, per-transaction payment processing fees, and OEM software licensing.
Is POSaBIT a public or private company?
POSaBIT is a public company. It is classified as public and is currently operating.
When was POSaBIT founded?
POSaBIT was founded in 2015. It employs 11 to 50 people.
Where is POSaBIT based?
POSaBIT is headquartered in Kirkland, United States, in the North America region.
How does POSaBIT make money?
Four revenue lines are on record. Payment Processing Fees are the primary driver. The others are POS Software Licensing and Subscription, POSaBIT Brands SaaS Revenue and mobile Application Services.
Who are POSaBIT's main competitors?
Direct peers on record are Treez, Jane Technologies, Weedmaps, Cova POS, Flowhub and Dutchie. Emerging players are Leafly and Springbig. Broad incumbents are Akerna / MJ Holdings (legacy) and Square (Block).
Does POSaBIT have an API?
No public API is recorded for POSaBIT.
What industry is POSaBIT in?
POSaBIT's product category is Cannabis Point-of-Sale and Payment Software. Its primary akta.pro industry code is CRANAGAF, Third-Party White-Label Ordering & Delivery Platforms (SaaS + Logistics), with a secondary code of CRANAGAC, Cannabis Online Ordering for Dispensary Pickup (Click-and-Collect). Its NAICS code is 5132.