Cannabis has been legal in Washington State now for 10 years, making Washington among the most mature cannabis markets in the country. In 2020 alone, Washington’s cannabis market generated over 18,000 jobs and over $600 million in tax revenue. So why is the unregulated market still thriving? Washington State Cannabis Excise Tax Despite beliefs that California holds the highest, most complex tax …
This article was originally featured on the Point Seven Group Industry News blog here. Though adult-use cannabis was only recently legalized in New York, the plant has had a long history in the state including cannabis decriminalization that started in the 1970s and a medical marijuana program that was established in 2014. Cannabis decriminalization efforts started early in New York …
This article was originally featured on the RDC blog here. While any architect, consultant, or prospective business owner would prefer to plan out and design a business over the course of months, individuals who seek to open a cannabis business do not always have this luxury. Since there is no federal cannabis business application or standard, prospective cannabis business owners …
Regions of robust, legal cannabis cultivation, such as the State of Oregon, are seeing a surge in unlicensed cultivation activities that are threatening legal markets, harming the local environment, and creating serious labor and humanitarian concerns. Consequences of Unlicensed Cultivation in Oregon Unlicensed cultivation sites are rampant throughout the counties of Deschutes, Jackson, and Josephine in Oregon. Operated chiefly by organized …
This article was originally featured on the Netwatch USA blog here. Choosing between a video surveillance system or a security guard can be difficult, given the range of factors to consider. If you are unsure which route offers better protection for your business, then continue reading. Common considerations to explore before choosing a security solution include: Cost Reliability Response Times …
The cannabis industry presents a very unique and challenging field to conduct business in. Not only must cannabis businesses navigate the waters of a semi-legal industry, but they must also deal almost exclusively in cash. Handling and managing cash can pose real financial risks for cannabis dispensaries. For starters, having large sums of cash present at your business invites criminal activity …
In the past few years, retail stores across the United States have seen an influx in crime involving groups conducting smash and grab lootings, also known as “wildings.” Cannabis dispensaries have not been immune to these crimes and many of these “wildings” occurred in California. In most cases, the incidents were over in a matter of minutes – with looters …
As of January 1st, of this year, the city of Denver, Colorado has begun mandating cannabis dispensaries implement additional security requirements in response to recent increases in crime at cannabis businesses. There are over 200 dispensaries in Denver that produce an estimated $700 million in annual revenue that now must comply with regulations that bear additional costs and include the use of a secure storage …
Since preventing shoplifting and other methods of external theft is usually the priority of cannabis security plans, internal theft can sometimes be overlooked. On average, employees cause about 90% of all theft losses. Additionally, when asked, 60% of employees stated that they would steal from their employer if they knew they wouldn’t get caught according to the FBI. Despite the obvious dangers …
As more states legalize, there has been a growing wave of acceptance for both medical and adult-use cannabis across the nation. It can’t be ignored that 2/3rds of people in the United States now support the federal legalization of cannabis. While many lawmakers agree that the federal government should legalize cannabis, it’s no easy process to move such legislation through the …
