The holiday season is just around the corner! While this might bump up your customers and profits, it can also increase your potential risks. Cannabis businesses will need to take extra care in making sure that any current security is reliable and properly maintained and that updates or repairs are made prior to holiday sales. Preparedness is key, so create …
Organized crime is a global problem and can be problematic for retailers and non-retailers across multiple industries. In retail, organized crime often occurs through planned thefts or robberies and can cause businesses to incur substantial losses and evidence indicates that retailers may lose an estimated $30 billion each year. Between 2015 and 2020, rates of organized retail crime increased by 60% …
A new law will soon require cannabis business owners take a fresh look at their video surveillance system to determine regulatory compliance. Passed in November, the Secure Equipment Act of 2021 takes aim overseas communications equipment manufacturers and their threat to national security. Under the new law, the importation, marketing, and sale of specified Chinese communications products would effectively be …
As the holiday season approaches, many retailers are preparing for the increase in customers (and risk!) that comes with the season. In preparation for busy stores, many retailers are hiring temporary employees or seasonal workers to help accommodate the additional customers, keep shelves stocked, and expedite purchases. While increasing the number of temporary employees on-site is an excellent way to …
For some people, November is a month to celebrate with friends and family over homemade casseroles and pies. For others, it’s the time to open up heavy wallets and grab all the great deals. While most of the country prepares for Black Friday, cannabis purchasers know that “Green Wednesday” is really when the huge cannabis sales are happening. “Green Wednesday” …
This year, the first in-person MJBizCon since 2019 was a success with 35,000 people in attendance. The conference, which took place from October 19-22 at the Las Vegas Convention Center, hosted over 1,300 exhibitors covering every aspect of the cannabis industry. Retailers could find packaging and payment solutions, cultivators could find new ways to increase their yields, and processors could access advanced methods …
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 …
Industries from cannabis to food delivery have begun implementing tamper-evident packaging to demonstrate to customers (and regulators) that products have not been manipulated. The key to tamper-evident packaging is that the material is plastic. That statement may not seem revolutionary, as most packaging is indeed plastic as noted by one of the seven recycling symbols, or by simple look and feel. …
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 …
Perhaps you have heard theft of catalytic converters is on the rise. While Sapphire Risk focuses mostly on retail and cannabis security, we try to stay adept of all loss prevention issues. Legislators and police departments are attempting to tackle the issue’s status as a rising type of property crime. The catalytic converter converts toxic exhaust molecules into environmentally safe …
