An astonishing 70 percent of cannabis businesses currently run solely on cash. This is an overwhelming task for any business and creates an enormous amount of risk.
LOS ANGELES (PRWEB) June 06, 2018
Block and Company and Semacon will be highlighted on an upcoming episode of Innovations with Ed Begley, Jr., airing on Wednesday, June 13 at 6:30 a.m. ET/PT and 5:30 a.m. CST on the History Channel. Later this summer, additional airings will be shown on Fox Business.
Innovations, hosted by award winning actor Ed Begley, Jr., is an information-based series geared toward educating the public on the latest breakthroughs in all areas of society. Featuring practical solutions and important issues facing consumers and professionals alike, Innovations focuses on cutting-edge advancements in everything from health and wellness to global business, renewable energy, and more.
The upcoming June 13 episode will explore the cannabis industry and the many challenges this market faces with cash handling. “An astonishing 70 percent of cannabis businesses currently run solely on cash,” said Stacy Dubinski, Director of Marketing and Merchandising for Block and Company. “This is an overwhelming task for any business and creates an enormous amount of risk.”
“Since 1934, Block and Company has been working with banks and many types of businesses, so we understand cash handling. We have served customers in highly regulated industries such as the financial sector, so it’s a natural progression to bring our expertise in cash handling to this emerging market,” states John Lanman, President and CEO of Block and Company.
The cannabis market is evolving rapidly. It’s a challenge for any business to deal with constant change, particularly when laws and regulations vary by state. Block and Company’s expertise in cash handling can help businesses boost productivity, improve efficiencies and minimize risk which will help them save time and money.
As a leader in locking solutions, Block and Company also manufacturers lockable medication cases and bags to help keep medication and cannabis securely stored. “Our Med-Master® line draws on our decades of experience in keeping cash and other valuables secure,” adds Philip Robins, Vice President and General Manager for Block and Company. “We are taking our experience as experts in securing and storing valuables and applying it in a new and responsible way.”
Tune in on June 13th to learn the many ways you can implement processes around storing, automating and securing cash and medicinal cannabis.
Block and Company is the largest manufacturer and distributor of cash handling products in North America. Block has been helping customers boost productivity, enhance security and increase efficiencies for over 80 years. We have proudly served the financial, gaming, hospitality, education, restaurant, retail, cannabis and vending industries through the years with product solutions and services that have allowed our customers to build their businesses.
To learn more, visit http://www.BlockandCompany.com/Innovations.