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Best Practices: Cash Management – A Little Common Sense Goes Along Way

Submitted by Marijuana News on Wed, 11/18/2015 - 08:45

As you already know, marijuana is primarily a cash business. With large sums of cash comes the potential for internal theft, or worse yet, violent crime.  If you don’t think criminals are watching you, think again! A little common sense goes a long way. Here are some simple steps to staying safe and avoiding theft:

  • Have specific, written procedures for opening and closing your cash registers. Make sure those procedures are followed every day.
  • Have specific, written procedures for handling cash once it is removed from the register.
  • Limit the number of employees who handle the cash, g., count it, put it in the safe, take it to the bank, etc.
  • Have as much cash as possible picked up by an armored car if available.
  • Guard against counterfeit money. Get a counterfeit checking pen (gold color is good; black is bad) and if possible a scanner that checks if the
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