Cash flow in the cannabis industry is a constant and delicate process — from consumer to retailer, from retailer to processor, from processor to grower, etc. But for every successful transaction, a cautious entrepreneur is also aware of the risks, which can include theft (by customers or employees), the miscounting of cash, or even robbery.
Banking and cash management are one of the cannabis industry’s greatest obstacles to growth. Most cannabis companies must operate exclusively in cash, which creates tracking and security issues for the companies and their investors. As a result of the lack of access to banking systems and the cash intensive nature of the industry, investors must
As marijuana sales skyrocket, companies have been forced to deal under the table. Transactions are always in cash, meaning business exchanges and payments are cash as well. It’s a seedy practice that many dispensary owners are tired of. A lack of access to banking services is, quite frankly, the single most dangerous thing about the
You operate an all cash business which is risky to say the least. The large amounts of cash marijuana dispensaries keep on hand makes them an attractive target for criminals. Horror stories of marijuana dispensaries be robbed are now common place. In this article we’re going to discuss three ways to increase the security at
If you’re like most dispensary owners then you’re budtenders are spending more time than they should handling your cash. In this article we’re going to review how budtender cash automation can alleviate the challenges of dealing in large amounts of cash. Our Dispensary Automated Cashier is a budtender cash automation service specifically designed to address the unique