🎙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
Legal Disclaimer: The content shared on this channel - including all videos, podcasts, interviews, and discussions is provided for educational and informational purposes only. It is not intended as legal, compliance, or business consulting advice, and should not be relied upon as such. Laws and regulations surrounding cannabis and related industries vary by jurisdiction and are subject to change. Always consult with a qualified attorney or licensed professional before making decisions that could have legal or regulatory consequences for your business. Listening to or viewing this content does not create a client relationship between you and ICS Consulting, Under the Microscope with Jenny, Jenny Germano, or any of the podcast’s guests. Any opinions expressed are those of the individual speakers and do not necessarily reflect the views of ICS Consulting or its affiliates.
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