How a dispensary in Oklahoma is making $246 per month passively on their ATM
Cameron has always been an entrepreneur.
He started out in door to door pest control sales, then started a Youtube channel, and most recently opened up his first dispensary.
Opening up a dispensary is a lot of things, but one thing it isn’t is easy…
Cameron had a ton of work on his plate finding suppliers, managing the renovation of a storefront, and making sure they were squared away legally.
Cameron had heard of other dispensaries having “cashless ATM’s”, which were basically point of sales systems disguised as ATM’s. Mastercard and Visa were aggressively cracking down on these machines, so he wasn’t willing to take that risk.
To make things more difficult, Cameron and his co-founders had already done a “soft launch” of the store and were running into an issue.
Customers were excited to show up, but often didn’t have cash on them. They would have to drive to a bank nearby, and according to Cameron, around 1 in 5 of those customers never came back.
“We used to lose a lot of customers who didn’t have cash on them. They would run to the bank and never come back”
Cameron reached out to Dash ATM Services and after a quick phone call we had an installation day on the calendar.
Four days later, we showed up, installed the machine, and loaded it with our own cash.
That was 12 months ago. The machine has since had two minor breakdowns (an issue connecting to WIFI and a bill jam). Both times, Dash ATM was there within 24 hours and had the machine back up and running in no time.
Cameron had heard from other dispensary owners that owning the ATM and vaulting it yourself was challenging. For one, the machines can be stolen and owners can lose a substantial amount of cash in them.
Additionally, they break down more often than folks realize and the average dispensary owner isn’t capable of fixing the machine.
Cameron told us the most important thing for him was convenience. He wanted to spend his time growing and improving the business and didn’t want to be distracted by the ATM.
We’ve fully managed the machine since then and exceeded his expectations.
“We’ve diversified our revenue streams with zero effort by letting Dash ATM take care of the machine”
The best part?
The machine averages 246 withdrawals per month and Cameron is making around $246 per month completely passively.
Every 31 days he receives a check in the mail, without lifting a finger.
This has helped diversify his revenue streams and fortify the business from market downturns.
Do you own a dispensary? If so, reach out about our free ATM Placement Program. We would love to replicate this success!
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