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