Banks are willing to take “reasonable risks” offering a reasonable return involving a definable cost of managing compliance fulfillment (i.e., satisfying numerous overseeing bodies’ regulations). Because managing compliance liability for traditional business lines like deposits, checking accounts and mortgage lending requires adhering to many rules, considerable additional compliance duties are only cost effective if accompanied by a significant increased profit margin.
Then there’s security. Although all marijuana-related businesses have sophisticated on-site safes, cash has to come on and off the property, placing “targets” on the backs of growers, processors or dispensers and their respective customers and vendor.
At Cannabis Cash Solutions our goal is two-fold…
Firstly, we’re here to provide secure cash handling to marijuana dispensaries to help protect patients, employees and profits. Our Dispensary Automated Cashier is engineered to address the unique cash handling challenges commonly associated with marijuana dispensaries.
Secondly, we assist with marijuana banking compliance by making it possible to track cash back to a specific order in the MJ POS. This helps provide peace of mind for banks willing to accept cash from marijuana sales through cash tracking and automation.
Contact us today to learn how we can help solve your marijuana cash handling problems.