If you go to some dispensaries that sell legal marijuana, you’ll notice that they have ATMs there. Why are they becoming popular in this kind of business? Here, you can find out more about businesses selling marijuana and why they need a Marijuana dispensary ATM on site, such as those provided by Greenstar ATM.
States have legalized marijuana but it hasn’t been legalized on the federal level in the USA. That means that most card processing companies are not going to work with it because they don’t want to end up working with illegal industries. They won’t let you sell a number of substances and use their merchant accounts, so that’s why cash is all that a dispensary can take at this point in time. If they want people to pay cash, they have to have an ATM on site or people may have to leave and come back after going to the bank.
An ATM saves customers a lot of time in a dispensary. Imagine having to go to the bank after you find out that the place doesn’t take anything but cash. There are new customers that come to this kind of place and don’t know the rules that are associated with buying marijuana quite yet. Instead of them having to take time to go to the bank or to an ATM somewhere else, they can take money out on site. That makes it better for the business too because it keeps customers in the store instead of out where they may find a different place to go on their way back from the bank.
Cash is a little difficult to have to deal with, but dispensaries are doing their best to make as much as possible. They pay taxes on the sales that they make, and this money goes towards things like education in states that have legalized marijuana. A lot of states are starting to depend on the money that these kinds of shops make, and over time more and more states will legalize marijuana. That means ATMs in dispensaries will be on the rise as time goes on until the federal government gets on board with legalization.
You can’t buy marijuana with a debit or credit card, it has to be cash. So, that’s the main reason why ATMs are in dispensaries, so that people can get money out to pay cash. It makes it easier for people because they don’t have to stop by the bank to get cash before going.