Justin Fischer

Yeah, there's great fees on it, right?

I mean, it depends on where your ATM is.

And the funny side point to that is you put an ATM in a cannabis dispensary because they're so cash-based.

Hopefully, you don't rake people over the coals with fees, but they can be very lucrative.

About 15 times...

Well, essentially,

Banks bank consumers and regular businesses all the time.

Higher risk businesses in our world are THC, so cannabis, hemp, CBD, MSBs, which are money service businesses.

They move cash, ATMs, and there's about 30 other types.

But basically, they require a lot of additional due diligence and compliance before the bank can ensure that they can bank them appropriately.

Yeah, that's a great question.

So ATMs are heavy in cash, right?

Doesn't mean you're doing criminal activity, but because you're dealing with a lot of cash, the source of funds can be obscured, right?

So the other side of ATMs is they can be kind of dangerous, especially if you decide to fill them yourselves.

So between those two concerns, the banks generally shy away from banking ATM operators is what that's called.

Little fact that people don't know, 60% of the ATMs in the country are actually run by independent operators.

And when all this pandemic and surplus cash came out, that's where people got their cash was in rural areas or even urban areas where a bank logoed ATM isn't there.

So they do provide a really important service.

I mean, we're all down on Sixth Street sometimes and we need cash, right?

That's an independent ATM, you know?