Securing your cannabis business often requires a multi-faceted strategy. Not only do you need to protect your product, but as a cash-only business, you need to protect your money. Additionally, there could be state security regulations you need to incorporate into your plan. Especially if you’re operating a dispensary, where customers are coming in and out, having the right security measures in place is imperative. Industry Source Consulting (INSO) offers a comprehensive review of your facility before offering suggestions for how best to secure your product and profits. Our team can facilitate set up for the exact security package you need to protect your investment from top to bottom, from security personnel to equipment, we can help give you peace of mind.
Protecting customer information is just as important as ensuring the security of your cannabis business. In fact it’s almost more critical since your customers are assuming a certain level of service when they come into your dispensary, and without it they most likely won’t return. You’re often responsible for scanning customer IDs and collecting their valuable information to align with local laws around selling marijuana. Technological safeguards need to be in place to protect your customers’ information against identity theft.
The most important thing to protect in your store after ensuring customer information remains safe is your product. Losing cannabis means losing money, so the less product you have on the floor, open to theft, the better. Keep the bulk of your product in a protected vault that only employees can enter. Requiring a customer to wait a minute or two while an employee retrieves their items from a safe space won’t interfere with the customer experience. It’s a common practice and one that helps secure your most valuable item.
Some states actually have specific requirements for video surveillance when it comes to dispensaries. These can dictate camera resolution, how many frames the cameras capture per second, when they have to be on (all the time) and how long you have to store footage. These necessities may seem tedious, but are extremely beneficial for keeping track of your business. It gives you eyes all over your store. You may even want to add to the security of your dispensary while it’s open by hiring an on-site security team. They not only add more coverage for protection, but can react should something go wrong, helping keep your business, customers, and employees safe.
Once your dispensary closes down, alarm systems, barriers to access the store, window bars, and high-level locks all add the right layer of protection to your cannabis business. Some of these items may be required by state or local law, but the more protection you have the better you’ll sleep at night.
Because all of your transactions are done in cash at a dispensary, you’re going to have more money in your store than most other retail outlets. Protecting the money while it’s on site, with added security and trusted personnel is crucial, but it’s also important to move the money off site at the end of each day. Not all cannabis business have the luxury of moving funds into a bank through secure deposit, so an alternate strategy is to work with an armored car company. The preferred vendor INSO suggests not only picks up your cash each day, but stores it in a safe vault they monitor. The money is still liquid enough for you to use to pay employees and cover bills, but you aren’t creating an added risk by keeping it on your premises.
Covering every angle as it pertains to security for your cannabis business is not only smart, but it’s often mandated by law. Diversifying your security plan to include operational procedures, added personnel, and extensive surveillance equipment helps you keep your entire operation safe. To ensure you’re complying with state and local regulations, as well as fully protecting your assets, INSO can help construct the exact security package you need for complete coverage. From equipment, to outside vendors, to background checks on personnel, we carefully examine every security process you have in place and make recommendations where we see gaps to improve the safety of your business. Contact us today to learn more about how we can not only ensure your business is more secure, but that it gets off the ground with the greatest potential for success.