In order the provide irrefutable source of funds to your financial institution, the Dispensary Automated Cashier associates each cash payment with an order in your marijuana POS. Our marijuana anti-money laundering technology is specifically designed to address the needs of your marijuana business and help financial institutions abide by the Cole Memo.
By associating each cash payment with an order in your marijuana POS, it links the cash accepted back to the customer and makes it possible to know your customer (KYC).
This level of tractability helps reassure your financial institution that the cash you’re depositing did in fact originate from the legal sale of marijuana.
Marijuana Anti-Money Laundering Technology – How It Works
Below is a short video of the customer facing Automated Cashier.
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Contact us today to learn more about the Automated Cashier and how marijuana anti-money laundering technology can benefit your business.