How do you think retailers pay for their product? Everybody gets paid in cash, including state and local taxes in many cases. Up in northern CA there are more friendly banks, but there is a serious risk of the feds taking it. All of the dispensaries have an atm so you can get cash, and the few times I’ve paid with my credit card it was through Square on an iPhone, but just about everywhere is cash only right now.
MedMen is a retail dispensary OTC, they’ve been buying existing retailers in several states and rebranding them into what looks like the Apple store of weed, and the prices are similar too. Not sure if they’re depositing most of their cash or not, but I’m definitely curious.
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