One of the most consistent challenges I see in cannabis businesses has nothing to do with product or demand.
It’s money movement. Cannabis has a real cash problem.
Banking access is limited. Processing options shift. Accounts are scrutinized differently and more closely than most industries. And you’re required to keep cannabis and non-cannabis revenue cleanly separated at all times.
Because of that, many dispensaries rely heavily on ATMs to make access easier for customers.
That’s where cashless ATMs feel like a smart solution.
These pin-driven systems function like debit withdrawals. A customer enters their PIN, the transaction runs through a debit network, and funds are transferred electronically to the business.
They also reduce the amount of physical cash in the store, keep transactions moving, and feel more efficient.
But when things go wrong, and in cannabis, things often do, I’ve seen them leave businesses on the hook for hundreds of thousands of dollars.
This is such an important topic that I wanted to make sure to cover it on Your Numbers Are Talking.
Some of the key takeaways / things to watch for are:
1. Over-reliance on a single payment processor is one of the biggest hidden risks in cannabis.
2. Cashless ATMs aren’t the problem; concentration is.
3. Cannabis money movement requires intentional structure, not assumptions.
Want to get the full details? Head here to read up.
See something that resonates? Get in touch so my team can show you how we can help.
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Your Number are Talking is my LinkedIn Newsletter, published 2x a month, where I share some of the most important things I wish business owners knew about along with real-world scenarios I see.
Your Numbers are Always Talking… but do you know what they’re saying?
That’s exactly what I break down.
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