You may have read on our infographic or in our blog post breaking down the marijuana law that many marijuana businesses are still only able to operate with cash. This is because despite efforts from the government, banks are slow to allow these businesses to function like any other operation.
This is not ideal due to the danger of being a cash-only business. When businesses operate with cash only, they are more vulnerable to theft and other crime, not to mention the extra time that needs to be taken to keep the books and finances in order. [Read more…]