Episode 211: Lüt Builds New Payment Rails for Cannabis Commerce

Episode 211: Lüt Builds New Payment Rails for Cannabis Commerce

Author: Cannabis & Tech Today February 25, 2026 Duration: 11:22

With more than 30 years in banking, Michael Andrud founded Lüt to confront one of the cannabis industry’s most entrenched obstacles: a payments system dominated by networks that penalize banks for serving the sector. In this episode hosted by Mary Jane Gibson live at MJBizCon 2025, Andrud details how Lüt developed the first new proprietary payment rails in 50 years, bypassing Visa and MasterCard to deliver faster settlement, lower costs, and FDIC-insured banking support through First Federal Bank of Florida. From its partnership with GreenCheck Verified to its focus on compliance, security, and operational efficiency, Lüt is advancing a purpose-built financial infrastructure designed to reduce cash risk and bring stability to high-growth, high-risk commerce.

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Hosted by the editorial team of Cannabis & Tech Today, this podcast cuts through the noise for a direct, unscripted conversation with the people shaping the legal cannabis landscape. Each episode is a focused, ten to twenty minute dive into the practical innovations and hard-won insights driving the sector. You’ll hear from founders, researchers, and engineers who break down the complexities of cultivation technology, regulatory hurdles, investment trends, and the science behind new products. The tone is engaged and curious, mirroring the dynamic pace of the industry itself. Rather than broad overviews, these discussions get into the specifics of how technology solves real-world problems, from sustainable farming practices to retail software and everything in between. It’s designed for professionals, entrepreneurs, and anyone with a serious interest in the intersection of policy, commerce, and innovation. By keeping episodes concise and packed with expertise, this podcast delivers actionable intelligence and forward-looking perspectives without requiring a huge time commitment. Tune in for an authentic look at the machinery-both literal and figurative-powering modern cannabis.
Author: Language: English Episodes: 50

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