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Long-awaited retail sales of recreational cannabis finally began in New York State last month, nearly two years after the Marijuana Regulation and Taxation Act (MRTA) was signed into law. The state has embraced the new industry, which is slated to create jobs and increase tax revenues—but for dispensary licensees and license applicants, there are still many hurdles to overcome, including strict security requirements.
After Maine residents voted to move forward with the legalization of recreational cannabis in 2016, the adult-use marijuana industry has continued to grow. Monthly sales from the state’s 50+ stores now top $10 million, and nearly 200 more license applications are still awaiting final approval.
In the five years since Massachusetts residents voted to legalize recreational cannabis in the state, marijuana sales have surpassed the $2 billion mark—generating millions in tax revenue, creating new jobs, and attracting young entrepreneurs. Now that the benefits are apparent, new vendors and cultivators are jostling for dispensary licenses and real estate.
Last year, Connecticut legalized recreational marijuana use, and earlier this month began accepting applications for opening adult-use cannabis dispensaries. Retail shops are already widespread in other New England states including Massachusetts and Maine, and prove to be a lucrative venture with strong potential for growth. However, CT applicants must be prepared to answer for all aspects of their business—including how they will meet stringent security requirements.
If your business relies on traditional keys to lock your facility (or anything within it, such as records or machinery), you might think that your security rests on the strength of your locks. However, the truth is that your business is only as secure as your keys are kept.
Why are security systems so critical to your safety and the protection of your facilities?
First and foremost, your company’s assets are top priority when thinking about the safety and security of your institution. If your assets are compromised, that’s it, there may be no coming back.
Your electronic security provider should not be a one and done deal, it should be an investment. Your provider should be like the friend who is always there for you, even when you think you do not need them. You should hear from or have contact with your provider regularly to ensure that a problem does not arise. Preventative maintenance is essential and the key to preventing a problem from occurring.