Best Practices in Cash Management for Cannabis Dispensaries
By Gary Cohen on Aug 3, 2023 12:00:00 AM
Running a cannabis dispensary involves handling substantial cash transactions, which makes implementing effective cash management practices critical, especially with the recent crackdown on cashless ATMs and digital payment methods. Neglecting proper cash management exposes your busin …
What All You Need to Know to Insure Your Dispensary Business
By Faai Steuer on Apr 18, 2023 12:00:00 AM
As the number of legal cannabis consumers and the cannabis industry grow, it will become increasingly challenging for dispensaries to limit their risk exposure. We all are aware of the fact that cannabis businesses face several challenges. Some top ones include remaining compliant to …
A Complete Guide to Cannabis Dispensary Security Systems
By Timothy Ware on Dec 6, 2022 12:00:00 AM
Cannabis dispensaries face higher internal and external theft risks than most other retailers. The product is small and valuable, and there is a known black market that can be accessed to turn stolen merchandise into cash. Cannabis regulatory authorities know this and therefore mandat …
Can Cannabis Dispensaries Use Traditional Banks?
By Gary Cohen on Oct 28, 2022 12:00:00 AM
If you're a dispensary business owner or thinking about opening one but don't know where to keep your money or make transactions, you're not alone. Since the cannabis industry is not federally legalized in the US, big and trusted banks refuse to let cannabis business owners open an ac …
Cannabis Fraud 101: Tips to Safeguard your Dispensary & Prevent Thefts
By Gary Cohen on May 9, 2022 12:00:00 AM
2022 has seen a steep rise in the number of thefts at cannabis dispensaries across the US and Canada. Most cannabis retailers take extra precautionary measures to safeguard their stores, but recent incidents have required dispensary owners to revamp security measures to prevent robber …
How Queue Management can be a Game-Changer for Cannabis Retail Stores
By Faai Steuer on Jan 5, 2021 12:00:00 AM
Cannabis Retail Security System: Why You Need One & What to Look For
By Jim Farrell on May 20, 2020 12:00:00 AM
Social distancing measures have created a situation that is punishing for retail businesses that haven’t modernized fulfillment. For cannabis retailers still in their startup phase, it is doubly so. This new reality heightens your risks of theft, fraud, and slips that are susceptible …