Cannabis laws within a state may span several hundred pages and include numerous regulations. However, the three things that are most vital to the regulators who make these regulations as well as the law enforcers who implement them include the following:
- Preventing the diversion of products to the black market
- the physical security of marijuana businesses
- a possible strain on public resources as well as law enforcement
Marijuana enterprises should center their security measures on those three aspects to remain compliant and maintain harmonious relations with law enforcement and regulators.
Anthony Vanderhorst, security director at Jushi Holdings, says when it comes to diversion, authorities want to know that you’ve set standard operating policies and procedures to avert unwanted events from happening within the business premises. He adds that the primary aim of physical security is to ensure that nothing happens externally. When those twin objectives are combined, you have a thorough plan.
Regulations on physical security cover things such as cameras and alarms as well as other comparable security technologies. In addition, considerations should include guarding against internal flaws that may lead to diversions, such as employee theft and subsequent sale of products, and averting exterior dangers such as robberies, law enforcement officials urge cannabis companies to be cautious of taxing community resources.
The majority of police officers and municipal governments believe that legalizing marijuana will increase crime in their communities. They are concerned about marijuana merchants contacting the police regularly to report both real and fake alarms, leaving other regions unguarded and open to criminal acts.
To counter these fears, Vanderhorst admonishes plant-touching businesses maintain exhaustive SOPs (standard operating procedures) linked to security as well as how to handle possible threats as and when they emerge.
Tony Gallo, CEO of Sapphire Risk Advisory Group, observed that a police department’s expectations for a cannabis store frequently depend on the market’s maturity and familiarity with legal marijuana marketplaces, as well as the store’s location. Gallo opines that police in mature cannabis markets simply don’t want to bear any extra costs because of issues that could emerge at a marijuana facility. They want to know how the cannabis business will prevent a diversion in their area.
Regardless of how established a market is, cannabis executives need to be cognizant that if they operate many facilities, each one will need a different security strategy.
Observers also noted that while some security expenses, such as those for cameras and alarm systems, decrease gradually, new markets generally have higher security needs than more established ones. As a result, start-ups will spend more on security than they had anticipated.
However, as law enforcement and authorities learn what is needed to safeguard cannabis establishments, these expenses may eventually decline. And as markets mature, cannabis entities, especially cultivators, also see their need for cultivation equipment from the likes of Advanced Container Technologies Inc. (OTC: ACTX) also growing as they move more products to retailers.
NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX
About CNW420
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CNW420.com
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer
Do you have questions or are you interested in working with CNW420? Ask our Editor
CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com
CNW420 is part of the InvestorBrandNetwork.
