Challenges in THE cannabis industry
cash heavy with long cash cycles
Cash volume is rising in this growing industry. Inefficient, risky and costly to handle cash in the old manual way.
Security Risk
Budtenders under frequent threat of robberies, While owners bearing the risk of "sticky fingers".
inefficient Cash handling
Time wasted on start and end of day, counting, sorting, validating and reconciling.
Lack of quality human capital
Cannabis industry not the only one suffering from scarcity of qualified and dependable personnel.
Work process
CASH management tips
No doubt the cannabis industry is growing, and it is fast growing. According to “2019 Marijuana Business Factbook”, cannabis retail sales in the U.S. surpassing $28 billion by 2023. Many banks are entering the industry while many still avoid working with any cannabis business, so the owners desperately want to get a cash solution. Here are cash management tips.
Create a loss prevent strategy for the store
Enhance the store's physical security measures
Implement safe storage solutions
Invest in options for safe transportation
Alleviate the workload of complex cash handling
Cash automation to deal with order & cash recycle
Sum the points up, it is time to introduce cash solutions, and MA provide efficient solutions that enable cannabis dispensary owners to access to cash data to confirm cash properly managed and protected. In the meantime, it will automatically handle cash to reduce the costs, time, and errors associated with manual cash handling.
BEAM Slim
CASHPoint Pay
CASHIER Desktop
CASH Handling
Solution
MA’s Cash Handling Solutions successfully implemented in retailers worldwide, with over 10 million transactions, over 230 million notes processed to save tremendous manual efforts and blunders.
MA is teaming up with financial institutions, CIT companies and dispensaries themselves to optimize their cash handling procedures by quantifying and digitizing data across all touch-points during the process so that they can FOCUS on the quality of service provided.
ADVANTAGES
SAFE AND SOUND
Lower cash exposure to secure them from internal and external theft.
FAST AND Valid
Workload and time are significantly shorten, and catches suspicious notes at the same time.
ACCURATE AND RELIABLE
Reduce losses from cash shrinkage or counterfeits.
DATA FOCUSED
Capture info of accepted and dispensed cash, then upload to the Cloud.
USER FRIENDLY CX
Pandemic-Friendly for hygiene consideration, less contact to the cash for the cashier.