Cannabis Banking Glossary

Armored cash transport

Armored cash transport is the secure pickup and delivery of cash by a licensed, insured carrier, usually from a cannabis business to a bank or cash vault on a set schedule.

What armored transport is

Armored transport is the secure pickup and delivery of cash by a licensed carrier using armored vehicles and trained, insured crews. For cannabis businesses, carriers typically collect cash from a dispensary or other licensed location on a set schedule and deliver it to a bank, credit union or cash vault for processing.

How it works

  • Scheduling: pickups run on a regular schedule, often daily or several times a week, based on cash volume.
  • Chain of custody: each deposit is sealed, logged and signed for, so every handoff is documented.
  • Processing: the cash is counted at a vault and the business's account is credited.
  • Insurance: carriers insure cash while it is in their custody.

Many businesses pair armored transport with smart safes, which can credit funds before pickup and reduce how many trips are needed.

Why it matters

Keeping large amounts of cash on site increases the risk of theft and can put staff in danger. Driving cash to a bank yourself carries the same risks on the road. Armored transport moves that risk to a specialist and creates records that support reconciliation and required reporting.

What to look for

  • Experience serving licensed cannabis businesses in your state.
  • Pickup frequency, cutoff times and how quickly deposits are credited.
  • Insurance limits and liability terms.
  • Costs per pickup and any volume-based fees.

How Safe Harbor helps

Safe Harbor coordinates scheduled armored pickup for clients as part of its cash management and treasury services.

Related terms

Smart safe · Currency Transaction Report · Full glossary

This page is for general information only. Service terms vary by carrier and location. Last reviewed November 2026.