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Cannabis Payments

The Risks of Cannabis Cash Payments

Cannabis businesses are putting up with cash payments despite the risks.

Updated:
July 6, 2022
by
The Risks of Cannabis Cash Payments

Introduction

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.

Cash Risks

Cash Risks

These are some of the risks you face by accepting primarily cash at your cannabis dispensary:

Tax collection fees

Cash theft

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

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