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 …
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 …
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 …
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 …
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 …
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 …
While reactive security measures are a foundational part of any business, proactive security measures have been increasing in popularity due to recent technological advancements in the security industry. Reactive security measures are those used to respond to a crime after it occurs, but proactive security measures seek to prevent the crime from ever occurring. Reactive and proactive security measures serve different roles …
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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 …
While most cannabis business owners believe that external robberies or burglaries are their greatest threat, internal employee theft is actually one of the biggest interrupters in the growth and success of a business. One way to prevent and deter internal theft is to create and implement a Culture of Honesty. An employee Culture of Honesty ensures that the business is better protected from …
