MEBANE, NC (July 8, 2021) — Arca, an industry leading provider of cash automation solutions for financial institutions, retail businesses and self-service kiosks has been selected by Ascend Wellness Holdings, Inc. (AWH), a multi-state cannabis operator, to streamline their back office cash management in their retail cannabis stores.
AWH stores will receive Arca’s Cannabis Cash Control solution at 21 dispensary locations in Illinois, Michigan, Ohio, Massachusetts and New Jersey. The system will substantially reduce operating expenses for AWH by increasing efficiencies and decreasing the time their staff spends counting and managing cash in the back office.
The Arca solution automates time-consuming processes that are problematic for businesses, especially cannabis retail stores who operate almost exclusively with cash. Cash processing time can be slashed by as much as 75%. Employees are freed to perform more valuable activities such as providing sales support to customers and developing their business.
The Arca system is a combination of hardware and software that locks down cash within the store environment. A cash recycler automatically accepts deposits, issues start funds and secures cash inside a UL approved safe. Arca reporting software documents transactions and allows remote monitoring of all the stores’ cash inventory.
Arca Chief Sales Officer Joel Leslie adds, “Our bank and credit union customers have trusted Arca solutions for years to increase their efficiencies, reclaim significant amounts of time and save money. Cannabis retailers will realize even greater benefits due to their large cash volumes. AWH recognizes that and this strategy is going to have a really positive impact on their business. We’re excited to help make that happen.
Arca is a global leader in cash automation technologies with a reputation for delivering reliable products with the shortest lead times in the industry and a commitment to excellence in service and support for the life of our products. Financial institutions, retailers, and OEM self-service and kiosk manufacturers all over the world rely on Arca products to streamline their cash operations and save them time and money while increasing the efficiency and security of cash. Visit arca.com for more information.
AWH is a vertically integrated operator with assets and partners in Illinois, Michigan, Ohio, Massachusetts and New Jersey. AWH owns and operates state-of-the-art cultivation facilities, growing award winning strains and producing a curated selection of products. AWH produces and distributes Ozone branded products. For more information, visit www.awholdings.com