Cannabis - Sapphire Risk Advisory Group

European Cannabis Markets

Like many other continents, cannabis legalization has been spreading through Europe. Countries like the United Kingdom, Italy, and Germany, among many others, have legalized medical cannabis. Access to medical use cannabis has been increasing as support for cannabis’ medicinal values grows. Though recreational uses remain illegal in most countries, many countries, like the Netherlands, have decriminalized the use of cannabis. As countries continue to change their cannabis laws, it is likely that changes are coming …

California Cannabis Expansion

Following a sweep of victories in the 2020 elections, the cannabis industry in California is about to add multiple new cannabis businesses. The majority of the 35 reported cities/counties voted in favor of cannabis measures on the ballot, issuing in a wave of California cannabis expansion in 2021. Although a majority of the approved ballot measures are for cannabis-related taxes, this is oftentimes an indicator …

The Origin of 420

Today is one of the most celebrated dates in the cannabis industry. On 420, also known as Weed Day, people around the world get together to appreciate cannabis. Although most people have probably heard the phrase 420 or know about the holiday, many are unsure about the meaning and origin of 420. While there are multiple theories into the origin …

Creating a 420 Security Plan

420 is widely regarded as the biggest holiday in the cannabis industry with people throughout the world celebrating their appreciation of the industry. Most events have gone virtual due to the pandemic, and events such as the Couchlocked 420 Comedy Special hosted by Berner from Cookies and the “World’s Biggest Virtual 420 Celebration,” Higher Together, presented by Weedmaps are each attracting large audiences. Dispensaries …

Diversity in Cannabis Security

While almost every industry stresses their importance, inclusion and diversity in cannabis security is vital to the enforcement of an effective security plan. Inclusion and diversity in the workplace are not only beneficial to the employee, but also to the business and the surrounding community. Diversity produces more effective security, helps score points in certain state cannabis business applications, and aids a …

Scamming Activities Targeting Marijuana Licensees

From our friends at Cannabis Control Commission: The Cannabis Control Commission has received marijuana scam reports of individuals contacting licensees by phone or text message. This bulletin applies to licensed Marijuana Establishments and Medical Marijuana Treatment Centers (“licensees”). This notice is to inform licensees about potential scams and fraud. The Cannabis Control Commission (“Commission”) has received reports of individuals (“scammers”) …

New Jersey Legalizes Recreational Cannabis

New Jersey became the 14th state to legalize recreational cannabis. Three bills were signed on February 22, 2021 regulating the use of recreational cannabis. This will reduce penalties for underage use and decriminalizing the use or possession of up to six ounces of cannabis. This signing comes 100 days after voters approved a constitutional amendment legalizing cannabis in November. “This legislation will establish an industry that brings equity …

3 Ways to Deal with Winter in the Cannabis & Hemp Industry

Some areas of the country have recently been hit with a winter cold front and your security equipment may be in trouble. Along with the drop in temperature came winter storms of freezing rain, sleet and snow in some areas. While winter weather often brings these storms, many were caught unprepared for this extreme weather. Dealing with unexpected weather For those in …

West Virginia Cannabis Licenses Awarded

What happens when you hire Sapphire Risk to write the security portion of your cannabis applications? You win. Last week, West Virginia awarded a new round of cannabis licenses, and we are very proud to have consulted on thirteen (13) of these winning licenses. As one of the oldest nationwide cannabis security consultant firms, we are honored to be able …

International Cannabis Market: Asia

Asia consists of almost 50 countries and they their piece of the cannabis industry. Looking at the countries involved in the international cannabis market, it becomes evident cannabis is dominating the business world. This is due to the importance of diversification, common goals as well as local and global co-operations. The general attitude of Asia tends to be rather conservative due to the harsh governmental laws. …