In fact, Forbes.com recently reported 70 percent of cannabis businesses resort to cash-run operations. AdvertisementRunning a business using a cash-only (or mainly cash) system is literally pricey. Business costsIn addition to the costs of providing security and safety measures, cash-only businesses face bank depositing fees and other costs businesses in other sectors may not encounter. While there is a lot of red tape when it comes to accessing banking services as a regulated business, there are many things cannabis business owners can do to navigate their cash-only operations. When choosing a software provider, retailers should focus on systems that offer day-to-day support, provide emergency assistance, and can monitor employees, cash, and inventory seamlessly.

Source: Forbes September 15, 2023 19:26 UTC