Since there is no federal bank currently that will openly take cannabis business money, this becomes a very grey area. It has thus far been a strictly cash business. Safes, cash management systems, daily cash drops as well as neatly kept accounting books are very important in this business. Some banks (credit unions, Bank of America) will allow for a licensed cannabis to bank with them its just a matter a finding those establishments.
How do I handle a bank account, or where do I store cash if I cannot get a bank account?andrew