Cannabis businesses are putting up with cash payments despite the risks.
Though cash payments are the most common way to transact in the retail cannabis space, it is not without its share of complications. Transacting predominantly in cash, especially when operating at a high-volume location, can create unforeseen additional costs associated with cash management.
These are some of the risks you face by accepting primarily cash at your cannabis dispensary:
Tax collection fees
Increased time spent by employees counting cash
Armored vans used to make cash deposits
Security threats for employees in store and delivery
Transfer of illness
We’re happy to show you our full payments solution and put the best bank-to-bank transfers to work for your business.