Efficient Cash Management for Cannabis Operators

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Episode Information
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🎙In this episode of 'Under The Microscope with Jenny,' host Jenny Germano welcomes Jennifer Makris the Founder of Cannabis Cash Consultants, who shares her journey and expertise in cannabis cash management. Jennifer explores the evolution of her career from transportation logistics to managing financial systems for Brinks, and discusses her role in pioneering cannabis-friendly financial institutions and cash handling solutions. They discuss key topics such as the challenges of handling cash in the cannabis industry, the importance of efficient cash management systems, the risks associated with cash transactions, and the impact of potential regulatory changes on cash usage in the future. Jennifer also highlights best practices, training needs, and technological solutions to improve cash management efficiency and security for dispensary operators. Listeners will gain valuable insights into the complex world of cannabis cash management and practical advice for safeguarding their business operations.

🌿 Our Host: Jenny Germano, Founder of ICS Consulting
🌎 ICS Consulting: https://www.icsconsultingservice.com
🌿Our Guest: Jennifer Makris
🌎 https://cannabiscashconsultants.com

⏰ Timecodes ⏰

00:18 Jennifer's Journey into Cannabis
03:37 The Role of Cash in Cannabis Retail
05:22 Challenges in Cannabis Banking
10:10 Cash Handling and Security Concerns
22:50 Tactical Strategies for Cash Management
29:17 The Importance of Networking and Learning
30:21 Expanding Your Network Beyond State Lines
33:53 The Importance of Training in Cash Handling
42:48 Daily Reconciliation and Cash Management Strategies
49:50 The Future of Cannabis Cash Management
51:45 Final Thoughts and Wrap Up