Cannabis Cash Management

MIMO for dispensaries...where Cash is still King!

Inefficient cash operations.

It’s almost a guarantee in the cannabis industry. Handling a lot of cash in a dispensary also comes with many security concerns. MIMO’s top-of-the-line safes will keep your cash protected as well as doubling as a cash automation machine (a cash recycler).

MIMO offers cash automation solutions that assist dispensaries across the nation by drastically minimizing costs associated with cash management! Using our solutions, we can reduce the labor burden associated with cash management, which helps businesses eliminate up to 80% of those costs. The most significant area of cost savings is operational costs, which tend to be, on average, 4-6 hours per day in the cannabis space. Along with these operational savings, we can also help eliminate shrinkage and shortages through tight cash controls and security.

Automating cash handling can put your managers on the floor, instead of in the office. Here are some other benefits that your business can see starting on day one of installation!

Operational Benefits and Efficiencies.
  • Opening till counts.
  • End of day closing procedures.
  • Cashier shift counts.
  • Reports related to bank deposits.
  • Audits regarding cash management.
  • Reduced banking fees.
  • Additional cash security features may save on insurance premiums.
  • Liability & Security Benefits.
  • Significantly reduce or eliminate cash shortages.
  • Point precision accuracy which eliminates recounts.
  • PCI Compliant.
  • Robbery process built into the server reducing loss.
  • Reduce investigation time when dealing with cash loss and liability.
  • Schedule CIT pickups across your network of locations based on real-time cash inventory.
  • Improving your Customer’s Experience.
  • MIMO reduces your cash labor needs, reallocate labor to other areas.
  • Provide your customers with an enhanced experience.
  • More managers on the floor to assist associates will influence customer retention, conversion rates and average order values.
  • Settle cash disputes without creating tensions with the customer.
  • Paper Trails & Reporting
  • Everything is recorded, and a cash audit trail is created, note by note.
  • We have the highest level of reporting versus other cash recyclers.
  • Reports are exportable in multiple file formats.
  • Cash on-hand in real-time with MIMO's Cloud Back Office software.
  • Deposit & withdraw user liability verification.
  • Customizable date reporting of a past transaction.
  • Digitized, pinpoint accuracy on record keeping.
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