Ascend Wellness Holdings (AWH), a cannabis operator, has selected ARCA, a cash automation solution provider for financial institutions, retail businesses and self-service kiosks, to streamline its back-office cash management in its retail stores.
AWH will deploy ARCA’s cannabis cash control solution at 21 dispensary locations in Illinois, Michigan, Ohio, Massachusetts and New Jersey. The system will reduce operating expenses by increasing efficiencies and decreasing the time the staff spends counting and managing cash in the back office.
The ARCA system is a combination of hardware and software that locks down cash within the store environment. The cash recycler is a UL-approved safe that automatically accepts deposits and issues start funds, documenting those transactions and allowing remote monitoring of all the stores’ cash inventory.
The ARCA solution automates time-consuming processes that are problematic for businesses, especially cannabis retail stores that operate with cash. Cash processing time can be slashed by as much as 75%. Employees are freed to perform more valuable activities such as providing sales support to customers and developing their business.
Commenting on the partnership, ARCA chief sales officer Joel Leslie said, “Our bank and credit union customers have relied on ARCA solutions for years to increase their efficiencies, reclaim significant amounts of time and save money. Cannabis retailers will realize even greater benefits due to their large cash volumes.”
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