Money, Taxes & Banking

ACH allows dispensaries to accept payments directly from a customer’s bank account without using credit card networks. This page explains how ACH works in cannabis retail, why it is generally more stable than cashless ATM models, settlement timing considerations, enrollment requirements, and why banking partners can still terminate programs.

Accounts payable is the largest short-term risk in a NY dispensary. This page explains how the 30-day payment window creates cash pressure, how vendor concentration and overbuying trigger instability before C.O.D., and how to prioritize invoices and negotiate terms before delinquency.

A $20 wholesale item is not a $10 profit just because you doubled the price. Real profit gets eaten by labor, rent, security, cash handling, payment fees, and 280E. This page shows the exact per unit math and a $500k monthly NY example so you can price and buy inventory without going broke.

Can New York dispensaries accept Bitcoin or crypto payments? Learn the legal, banking, tax, and compliance risks of using cryptocurrency in a NY cannabis business.

Can New York dispensaries pay employees using Zelle or Cash App? Learn why transfer apps cannot replace compliant payroll and how improper wage payments create tax, labor, and audit risks.

State-legal dispensaries cannot receive SBA loans. Federal law still classifies marijuana as illegal, and SBA rules exclude cannabis businesses from eligibility.

Banks do not have direct access to METRC, but they may request sales reports, inventory summaries, and compliance documentation during monitoring. This page explains how banks compare deposits to reported revenue, why inventory reconciliation matters, and what inconsistencies can trigger account review or scrutiny.

During an audit, the IRS can request bank statements directly from a cannabis business or its bank under federal authority. This page explains how the IRS compares deposits to reported revenue, reviews cash versus electronic sales, analyzes transfers between accounts, and treats unexplained deposits as income unless documented otherwise.

High cash volume increases banking scrutiny for dispensaries. This page explains safe and vault standards, armored transport procedures, daily drawer reconciliation, variance documentation, controlled safe access, and how weak internal cash controls can increase banking risk or insurance exposure.