Businesses that take in large quantities of cash have to keep it on site, or else transport it to another holding location, which creates a security risk.
Banking that cash would eliminate the security risk from the pot dealer, but for a myriad of reasons bankers stay away from that kind of trade.
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Banks have vetting processes to weed out business in the marijuana trade. The author goes into some nice detail on this process.
In lieu of banking, marijuana business can adopt more secure methods for accepting and vaulting their cash through cash handling automation.
Contact us today to learn how we can help solve your marijuana cash handling problems.