Are you the POS subject matter expert that medicinal and recreational cannabis retailers need?

Due to federal legislation, U.S. cannabis dispensaries face the singular challenge of having to process just about every transaction in cash. With $1.67 trillion cash currently in circulation and with the sale of cannabis limited to cash as a form of tender, there is a growing market opportunity for cash management technology within the marijuana industry. Cash management is time-consuming and error-prone unless merchants get access to robust intelligent cash management and POS solutions to successfully run their businesses.

 

POS hardware solutions that marijuana retailers should deploy include POS stations with receipt printers and durable cash drawers. Dispensary owners also should consider surveillance equipment, digital signage, and inventory-tracking solutions, all of which contribute to an efficient, well-run business. Proper cash management, is an acute need for cannabis merchants. This is an area where POS solution providers can help steer merchants to robust solutions suitable to the industry’s singular needs for cash-handling accuracy and security in a high-volume transaction environment.

 

APG Cash Drawer provides high-capacity cash drawers, cash management solutions, and cash recyclers to help cannabis merchants with their cash handling needs. Discover our solutions below.

Facts + Statistics

Cash-Only Payments


Federal legislation and banking laws force use of cash in this industry

Cash-Only Payments


Businesses forced to only tender cash as a form of payment (Arcview Market Research/BDS Analytics)

Growth Potential


U.S. market forecasted to experience a $23B growth by 2022

Growth Potential


$23.4 billion in legal cannabis spending (Arcview Market Research/BDS Analytics)

Cannabis Market


Legalization in Canada to take effect Fall 2018 for the industry

Cannabis Market


Cannabis spending forecasted to reach $5.5 billion (Arcview Market Research/BDS Analytics)

Licensed Business


There are 9,400 active in the U.S. which employed 121,000 people in 2017

Licensed Business


Employed 121,000 people in 2017 (Arcview Market Research/BDS Analytics)

Cannabis Legalization


9 states allow legal recreational use + Washington D.C.

Cannabis Legalization


Medical marijuana is legal in 33 states. 33% increase since 2016 (Arcview Market Research/BDS Analytics)


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