Are Dispensaries That Offer Cashless Payment Options Able to Make More Money?

October 17, 2018

Although much of the cannabis industry is cash-only, innovative solutions to solve this are finally starting to take form and this could mean additional revenue for dispensaries.

Cash only businesses can be a target for criminals, especially for a cannabis dispensary where criminals can be fairly certain that shops are housing both lucrative product and cash under the same roof. Access to the electronic payment system helps reduce cash dependency, improves the accuracy of record keeping, and even reduces the potential for internal theft as it is far easier to pocket cash then to skim electronic payments.

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