Colorado is a cannabis pioneer — the state legalized recreational cannabis in 2014 and the market has matured into a multi-billion-dollar industry. But Colorado is also home to high-growth fintech, subscriptions, and digital goods businesses. The challenge: banking partners that understand cannabis compliance, handle the chargeback complexity, and accept other high-risk verticals. Colorado merchants need a processor built for this market.
Colorado high-risk processing demand centers on cannabis retail and ancillary businesses (Denver, Boulder, Colorado Springs), plus statewide subscriptions, ecommerce, and fintech. Cannabis chargebacks are elevated, banking compliance is complex, and subscription chargebacks run high — the exact categories mainstream processors decline.
These notes are for general awareness. Laws change — verify current rules with legal counsel before making compliance decisions.
Karma Card Payments serves high-risk businesses throughout Colorado — not just Denver. If your business is based anywhere in the state, we can place you.
We work with multiple banking partners and place your Colorado business with the processor most likely to approve and fairly price your account. One application — we do the shopping.