Ascend Wellness Holdings Inc., a multi-state cannabis operator, has selected ARCA, a provider of cash automation solutions for financial institutions, retail businesses and self-service kiosks, to streamline its back office cash management in its retail stores, according to a press release.
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.