Dispensary Cash Management

This program is designed to equip individuals with the essential knowledge and skills required for effective cash management within a dispensary setting. The course covers aspects such as cash drawer processes, cash drop procedures, payouts and depositing, payments and change handling, reconciling discrepancies, and secure cash storage and transportation.

Participants will gain an understanding of the opening and closing cash drawer processes, which are fundamental to ensuring accurate cash handling from the start to the end of a business day. It also emphasizes the importance of precise cash counting, discrepancy reporting, and secure cash storage, which are vital for maintaining the integrity of financial transactions within a dispensary.

Learners will cover cash drop processes, highlighting the necessity of removing a portion of cash from drawers to limit on-hand amounts, thereby enhancing security. This section will teach participants the proper protocols for counting, securing, and documenting cash drops to ensure a seamless integration with Point-of-Sale (POS) systems.

Understanding payouts and depositing money processes is another critical component of the program. Participants will learn the correct methods for executing payouts, such as vendor payments, and the nuances of depositing cash into safes. This includes detailed instructions on safe access, deposit documentation, and secure storage practices.

Trainees will master the process of cash transaction entries in the POS system, customer interaction during payment collection, and the meticulous process of change calculation and distribution. Furthermore, the program addresses the challenge of reconciling drawer discrepancies, offering strategies to minimize errors and outlining steps to investigate and resolve any variances between expected and actual cash amounts.

This Dispensary Cash Management certification is designed for those seeking to enhance their expertise in cash handling within the cannabis industry. By encompassing a wide range of processes and best practices, this certification aims to equip participants with the skills necessary to manage dispensary cash flow effectively, mitigate risks, and uphold the integrity of their operations.