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When you start pulling in tens of thousands per day they become near essential
You need to launder if you want more money into your bank account each week.
The laundromat gives you an extra of 2.000 each day which makes it a total of 24.000 a week into you bank account.
As for the point? It's a game mechanic the developer put in to simulate the IRS limits, add extra dynamics to the game, but without making it a huge burden.
The night shop takes cash so you can buy everything you need for production with cash once you unlock it.
Once you have all real estate for production and the van you dont really need much more in the bank account.
You need your card for ingredients for mixing, and anything from hardware stores.
Depending on how much mixing you do, it can add up.
I also imagine there'll be more uses for money as more content gets added.
For the time being, there's not much point to endgame other than "make money for the sake of making money".
Source: My own rules I made up in my head for the game that I insist others follow.