How Can Sapphire Risk Help? Tony Gallo and the team at Sapphire Risk Advisory Group are prepared to help with ensuring installed security is compliant and cost-efficient. Follow us on social media to stay up to date with cannabis industry updates! Author If you are a current operator (or want to be) Tyler Stratford can help! When Tyler got out of …
Creating a Halloween Security Plan
Sunday is Halloween, and while this holiday isn’t weed specific, Halloween conjures up a large increase in cannabis sales across the country. Halloween now has the third highest cannabis sales of any American holiday. As cannabis legalization continues to spread, cannabis sales and use during Halloween, or “Halloweed,” are increasing. In 2016, the state of Washington generated $2.11 million in …
Expanding Legalization: Which State is Next? Pt I
Since the early days of legalization in states like California, Colorado, and Washington, the landscape of the cannabis industry has changed dramatically. In fact, the United States cannabis market of today hardly resembles what it did just 8 short years ago. Now, recreational legalization efforts may be expanding to include states like Arkansas, Florida, and Oklahoma. Each year, new states that …
Delta-8 in the United States
Over the past few years, Delta-8 THC has made headlines as a form of “THC-lite.” Since the 2018 Farm Bill legalized the production of hemp as long as the Delta-9 content stays below 0.3%, Delta-8 manufacturers and retailers have found themselves in a legal gray zone. Now, states must decide for themselves whether to allow the sale and possession of …
Opportunities in the Connecticut Cannabis Market
Joining the domino of cannabis legalization in the United States, Connecticut is one of the most recent states to enact legislation that legalizes cannabis use recreationally. Connecticut previously only permitted the use of medical marijuana, but will soon allow retail sales. The state released guidelines last week that provided some answers for those interested in entering this developing market. Current Status …
3 Ways Video Monitoring Can Keep Cannabis Retail in Business
The business of growing and selling marijuana shows some of the fastest growth of any new industry today. Current valuations show the U.S cannabis industry to be worth $61 billion. Analysts are now predicting that the industry will be worth $100 billion by 2030. This explosive growth has brought with it an array of challenges for dispensary owners. While many …
Integrating Personnel with Installed Security
There are a million ways to secure your dispensary operation adequately. There are just as many ways to over-engineer security, as well as to have security features/personnel that are not being used efficiently. I first want to differentiate between “installed security measures” and “static” or “ongoing” security measures. Installed security would be any piece of technology, equipment, or physical barrier …
Arizona’s Booming Adult-Use Marijuana Market and How to get Involved
This article was originally featured on the CB Advisors blog. Just three months after voters approved recreational marijuana in November 2020, the Arizona adult-use program was up and running, making it one of the fastest implementations in the country. Recreational marijuana sales in Arizona have been strong. MJBizDaily projects that the state’s recreational market could be worth $350-400 million in its …
Differences in Secure Storage for Cannabis Businesses
Choosing a method of secure storage is an important part of designing a cannabis facility, but not every facility has the same needs when it comes to secure storage. Small and large cannabis businesses have different requirements when it comes to secure storage and, depending on the location of the business, regulations may dictate which method of secure storage should …
CPTED for Cannabis Businesses Pt. I
Crime Prevention Through Environmental Design, or CPTED, is a method of crime prevention that involves controlling the area surrounding a business and creating strong ties with the local community. CPTED, when practiced effectively, is one of the most successful crime prevention applications for any business, but these strategies can be especially useful for high-risk businesses like cannabis businesses. Utilizing CPTED is a form of proactive security that can …