Cannabis and Security - Expert commentary
The average business owner or investor has some kind of security precaution in place, especially in the after-hours when there are fewer deterrents to inhibit criminal activity. Security guards, video surveillance systems, motion sensor lights, or even just fake cameras placed around the property are some of the common options people choose. Future of overnight security Smart business owners are starting to realise, however, that some of these traditional security measures are becoming...
It’s no secret that the data security sector is constantly changing. It has an annual CGR of about 12.3%. Future trends in data security Much of this has to do with the rise of cybercrime in recent years, with reports showing that cyberattacks happen as often as every 39 seconds. To combat the growing rate of cybercrime, data security has been on the rise. As we journey further into this era, it becomes evident that a spectrum of significant trends is molding the future of data se...
We work with and buy from “middlemen” all the time, yet the term remains loaded with negative connotations. It’s telling that the term remains gendered, no one has tried very hard to normalise the term “middleperson” in the same way as “chairperson” or “police officer.” Why? It’s easy to see a middleman as an inconvenience, someone who skims profit off the top while offering no real value to the end customer. Think of the second-hand c...
It's no secret that one of the next market segments to see exceptional growth in the United States is somewhat non-traditional: cannabis. The global cannabis market is projected to reach $60 billion by 2024, according to Ameri Research, fueled by the increasing legalisation and decriminalisation across much of the United States. It is estimated that 22 million pounds of marijuana are grown each year in the United States, with 80 percent coming from California, Tennessee, Kentucky, Hawaii...
The stigma of the cannabis industry still hangs in the balance Final installment of 4-part series: The legalisation of recreational marijuana use in Colorado and Washington, along with it medical use in about 23 other states, has created an industry made up mostly of small mom-and-pop operators. “While the revenues in this industry are big, the number of people involved is pretty small,” said one security industry insider. That’s about to change as Wall Stre...
Third instalment of 4-part series: One question that comes up when talking about security for the cannabis industry is “why aren’t there more companies getting into the business?” While a number of small operators and larger companies have begun offering their services to marijuana retailers, some very big players have largely passed on the opportunity. According to a report by CNNMoney, security giant ADT won't "sell security services to businesses engaged...
The growing market for legal marijuana (now available in some form in 24 states) has also generated a demand for security products and service to protect the industry from illegal activities. “For the most part, companies are looking for what we call the traditional surveillance systems whereby you have visible deterrence,” says Monty Henry, president of DPL-Surveillance-Equipment.com LLC in Ventura, Calif. Many companies are seeking more sophisticated systems t...
The decriminalisation of marijuana has left the security industry apprehensive to collaborate with the industry If ever there was a market tailor-made for security companies, it’s the growing cannabis industry. Although only two states – Colorado and Washington – currently allow the sale of recreational marijuana and 22 other states permit limited medical use, many within the industry believe the tide has turned in favour of legalisation. [After the recent el...
