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Reducing Security Risks with Non-Cash Cannabis Transactions
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 Jersey Cannabis License Application Regulations
August, 19 2021 The day we have all been waiting for has finally arrived, the New Jersey cannabis license application regulations have been released. Something to highlight is New Jersey will be requiring city approval, which may require more security regulations. Applicants will really need to focus on their perimeter security. Here is what we know so far for security: …
A Culture of Honesty for Cannabis Businesses
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 …
In-Person Cannabis Conferences in 2021
2021 has already been a huge year for cannabis, and the year is not over yet. There are still multiple cannabis conferences and tradeshows that people in the industry will not want to miss. Cannabis conferences and tradeshows are a great way for industry veterans and beginners alike to network. These events are also an excellent opportunity to make B2B …
Robbery Prevention for Cannabis Businesses
While robbery prevention is a vital part of any retailer’s operations, it is especially important for cannabis businesses. Since cannabis is still illegal at the federal level, cannabis business owners are often forced to store large amounts of cannabis and cash on-site. This can make a cannabis business a tempting target for a potential criminal if security is not prioritized. …
2020: Psychedelic Reform in Review
This article was originally featured on the Psychedelic Passage blog. 2020 was a landmark year for psychedelic reform: one district, two cities, and an entire state passed legislation that decriminalized psychedelics in some way. And two cities that approved similar measures in 2019 have continued making further legislative progress in 2020. Though psychedelics are still federally illegal, these local initiatives …
Fully Illegal: For Now or Forever?
With the rapid expansion of state-by-state medical and adult-use cannabis legalization, it will not be long before the entire U.S. has legal access to cannabis in some form or another. Many attempts to establish federal laws for cannabis have failed in the past, but with support for cannabis increasing, future attempts at cannabis reform may pass. Until then, it is …
Secure Cash Handling for Cannabis Dispensaries
Cannabis has yet to be legalized federally and is still classified by the DEA as a ‘Schedule 1’ drug. Due to this classification, federally regulated banks often refuse to house the earnings of cannabis dispensaries for fear of losing their license to legally operate. This presents a challenge for dispensaries in states where cannabis has been legalized. Many dispensaries do …
Oklahoma Medical Cannabis: Blossoming Legal Market or Black Market Hotspot?
The Oklahoma medical cannabis industry in 2021 is one of the hottest cannabis markets in America. The lack of regulations and cheap startup costs has made the medical market in Oklahoma grow significantly since its inception, with almost 2,400 cultivation licenses issued in 2020 alone. But how sustainable is Oklahoma’s success? The Rise of Oklahoma Medical Cannabis Since Oklahoma passed their medical …