The cannabis industry is continuously evolving. More and more states vote to approve legal medical or recreational cannabis, which in turn, presents unique opportunities to entrepreneurs who want to capitalize on the market. Organic weed, weed-infused wine, you name it…opportunities are there for the taking.
Unfortunately, even though the industry is progressing it is still saturated with cash transactions. Such transactions present cannabis vendors with various challenges, like tracking, consolidation, and storage. In addition, cash transactions create a safety and security issue for both the vendor and the client. However, cannabis vendors continue to sell weed with cash, even though payment options through point-of-sale (POS) terminals are available for the entrepreneurs to use.
Cannabis vendors can reap a number of benefits by investing in the POS terminals:
First, the POS terminals enable cannabis vendors to generate comprehensive and detailed sales reports, which in turn, provide a good overview of a business and assist in consolidation and financial reporting.
Second, certain POS terminals can help cannabis vendors to manage inventory and analyze sales patterns. POS terminals can register the inventory by scanning labels, which protects the business from human error. In addition, by using POS terminals cannabis vendors will be able to easily identify theft.
Third, certain POS terminals have zero ATM fees and accept payment via swipe, manual key entry, Apply Pay, and NFC mobile. Such an array of accepted payment options and no fees increase customer satisfaction, which in turn, secures a repeat business.
Are you still using cash transactions? Do you want to scale up and benefit from the new industry opportunities? If so, custom cannabis POS terminals are a must for your business. Fill out the form below and one of our representatives will contact, you to provide further information.
This blog is created and managed by DS&P.