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 …
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 …
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 …
Illinois cannabis sales have skyrocketed and continue to rise since the start of recreational sales in 2020. Cannabis business licenses in the initial application round were limited and the process experienced technical errors, as well as delays due to the pandemic. The state continues to refine its legislation in an effort to create a fair application process and has even committed …
An alarm system is an integral part of every retail establishment, but it is especially important for cannabis businesses. Though the requirements may be similar, regulations regarding alarm system devices for cannabis businesses are different in every state. In addition to differing state guidelines, the cost, quality, and functionality of alarm system devices can vary greatly. Cannabis business owners must consider all components of …
This article was originally featured on the CB Advisors blog. New York vs. New Jersey: A Guide to Recreational Cannabis in the Mid-Atlantic In a span of five months, two of the largest cannabis markets in the eastern U.S. legalized adult-use. Highlight of this blog is comparing New York and New Jersey Cannabis Laws. New Jersey voters approved the expansion of its …
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Despite a predominately cashless society, the cannabis industry still primarily operates using cash transactions. This is due to cannabis’ status as a federally illegal narcotic and leads to banking challenges for cannabis businesses. Although most cannabis transactions are completed using cash, there are alternative methods for non-cash cannabis transactions that are increasing in availability and popularity. Non-Cash Cannabis Transactions and Security There …
New Mexico has long been at the forefront of the evolving cannabis since it became one of the first states to allow medical-use cannabis in 2007. Now, the state is fully entering the industry with the signing of legislation to legalize the recreational use of cannabis. The signing of the Cannabis Regulation Act in New Mexico follows the legalization of adult-use cannabis …
Since the parking lots of any business can become a target for crime, cannabis and other high-risk businesses must take special care to secure these areas. Parking areas are one of the most common areas where crime occurs and they are often difficult to secure. While some cannabis businesses, such as cultivation facilities and laboratories, may be able to control access to …
