While the cannabis industry is thriving and producing profits the inability of cannabis businesses to utilize federal banks remains. This has created several problems, none more serious than the issue of how to handle, transport and store cash. Having large amounts stored on site is a security nightmare, increasing the threat of theft and jeopardizing employee, vendor and client safety.
According to a press release CCIA Executive Director Lindsay Robinson will testify that banking for cannabis is a must “The ability to use U.S. financial institutions for banking is essential to ensure the safety of the cannabis industry and cannabis consumers. Without access to banking, companies are forced to maintain large amounts of cash on hand, pay employees and vendors in cash, and use cash to pay taxes. All of this creates an untenable situation where the safety of consumers, employees, and companies is at risk.”
Robinson is taking her stance to the federal government to provide support for the Secure and Fair Enforcement Banking Act.
What are your thoughts on the current banking situation in the cannabis industry? Do you think federal support for cannabis banking is in the foreseeable future?
Security, compliance and professionalism are paramount when choosing a company to transport cannabis and proceeds. The Bureau of Cannabis Control has strict transportation regulations, including:
- A transport vehicle must be unmarked with your DOT registration number visible on the exterior.
- A transport vehicle is required to have an caged storage area that is internally locked.
- A transport vehicle is required to have a locking cash box.
- A transport vehicle is required to have an audible alarm system.
- A transport vehicle is required to have a GPS tracking system .
For a complete breakdown of BCC transportation regulations you can visit section 5311 of the BCCs laws and regulations
Core Security Solutions, Inc. is seeking experienced security professionals who exemplify our ethics and values. Core Security Solutions, Inc. provides a team atmosphere, opportunities for advancement, competitive pay and medical benefits.
Armed security officers start at $20.00/hour and up depending on experience and training. We offer a wide selection of mobile and fixed positions, excellent work environments, uniforms and equipment. If you are interested in a career in law enforcement, working as an armed security officer offers experience that police agencies like to see in their candidates, including observation, conflict resolution, verbal communication and report writing skills.
We offer a hiring bonus of $250.00 to new employees, $100.00 after 90-days of successful employment and $150.00 after 180-days of successful employment.
Rapid supervisory and managerial advancement opportunities are available to career minded employees displaying outstanding performance. If you need firearm training and/or re-qualifications, this can be completed through Core Training Solutions, our subsidiary security training company.
If you are interested in applying for one of our armed guard positions please send your resume to firstname.lastname@example.org or you can visit the job posting on Indeed to apply and upload your resume directly.
Benjamin Franklin once stated “in this world nothing can be said to be certain, except death and taxes.”
With the new year just around the corner it is important for cannabis businesses to ensure that they are up to date on current California tax regulations. Every step of the supply chain from cultivation to retail are impacted by taxes. It is imperative that business owners keep Informed about the updated cannabis tax regulations on both a State and local level.
The California Department of Tax and Fee Administration (CDTFA) has set up cannabis tax resources that can be referenced by anyone free of charge. These include breakdowns by type of business and provides individual tax guides and reference material. There are even helpful videos that cover the material to further aid in the understanding of specific tax obligations.
Each step of the supply chain for cannabis has specific tax obligations. It is imperative to your business that these tax guides are understood whether you are a cultivator, manufacturer, distributor, or retail operator.
To reference these helpful tax guides you can visit the CDTFA website.
Businesses understand that theft and other crimes can occur at any time, construction sites, banks and dispensaries are even larger targets than your average business for criminals. Uniformed security officers can be used to deter crime and maintain security while lending a helping hand to customers and keep the employees feeling safe and secure in their workplace.
Sense of Security
The presence of a security officer can provide peace of mind and a sense of security to employees and customers. A security presence also lets customers know that you are concerned about their safety and willing to take the necessary steps to ensure it.
A strategically placed security officer can have a substantial amount of interaction with clients. Whether the officer is posted at a reception area or a main entrance, he/she may be the first interaction a client or colleague may have with a member of your staff. Hiring professional and personable officers, trained to make eye contact and greet people warmly, communicates that your business is safe and customer-oriented. It also sends a message to would-be criminals that you have someone on site that is vigilant and responsive.
Simply having a security officer on-site is a great deterrent to crime. Criminals will think twice about targeting a business that has uniformed protection. Professional guards are trained to make eye contact, look for and report suspicious activity, and document their observations. A quality security officer will assess a situation, react to security breaches, and notify management or law enforcement as necessary.
There are several determining factors for deciding whether to maintain an armed or unarmed security presence. The type of business operations, the crime rate in the area, and other factors will help you to make the final decision. Armed security officers tend to make higher salaries and are likely to select the security industry as a career. In order to obtain a firearms permit, applicants must have advanced training and personally invest in the proper safety equipment. Armed security officers tend to present a greater deterrent to criminals, who more often than not seek out easy or ‘soft’ targets when sizing up their victims.
Security guards offer a wide variety of benefits for a business. Crime prevention and having your customers and employees feel safe is only the tip of the iceberg. Find out what security can do for your business by visiting our website www.core-ops.com.
This upcoming November the Bay Area is set to see a number of Cannabis related tax measures and propositions appear on the ballot. It is important that cannabis businesses across the Bay Area familiarize themselves with the specifics of these measures.
Oakland, San Francisco, Morgan Hill, Santa Clara, Half Moon Bay and Contra Costa County will have cannabis tax measures on the ballot this November. Most cities will be voting on an increase in taxes or an adjustment to the current tax rate. In Half Moon Bay residents will be voting on delivery services as there are currently no dispensaries in the city.
Our hometown of Oakland has a more unique cannabis tax measure on its ballot. While most of the measures and propositions allow counties and cities to set cannabis tax rates, Oakland’s measure would give the City Council the ability to lower the current cannabis tax rates. Oakland currently has one of the highest cannabis tax rates in California. Giving the Oakland City Council the ability to lower the local cannabis tax rate would allow for the setting of a tax rate that is sensible for incoming and existing cannabis businesses. Measure V also calls for cannabis manufactures to be able to deduct the costs of raw materials similar to other manufacturing companies in non-cannabis industries.
In addition to the ability to lower the local tax rates and provide manufacturers the ability to deduct raw materials, Measure V will also allow businesses to make local tax payments in quarterly installments rather than having a large lump sum payment due annually.
We encourage all cannabis businesses operating in Oakland to review and familiarize themselves with Measure V and encourage all to vote “YES” on Measure V in the upcoming election. This will help the cannabis industry continue to thrive in Oakland and will produce additional jobs and tax revenue for the city.
For the full text of Measure V you can visit the City of Oakland website.
Compliance is a must when it comes to the legal cultivation, transportation, distribution and sale of cannabis in California. As a licensed business you want to ensure that you are fully compliant with the regulations and laws set by the Bureau of Cannabis Control (BCC).
Cannabis businesses at every level of the supply chain are responsible for ensuring that the companies they are doing business with are fully licensed and are permitted to operate within California.
Retailer, distributor, microbusiness, testing lab or event organizer licenses can be verified through the Bureau of Cannabis Controls.
Step 1: Head to the BCC website: https://bcc.ca.gov
Step 2: Hover on “Licensees & Consumers”
Step 3: Click on “Check a License”
Step 4: Click on the type of license you are looking to verify
Step 5: Search either the license number or business name to verify
Manufacturer licenses must be verified through the California Department of Health
Step 1: Head to the CDPH website: https://www.cdph.ca.gov/
Step 2: Click on “I am looking for”
Step 3: Scroll down to “Licensing, Certification and Other Credentials”
Step 4: Click on “Certificates, Licenses, Permits and Regulations”
Step 5: Click on “Cannabis Manufactures”
Step 6: Select “Licensee Lookup Tool”
Step 7: Search for either the business name or license number
The ability to verify who you are doing business with is a vital tool for keeping compliant under California law. The tools provided by the BCC and the CDPH allow you to have the proper checks and balances to verify the licenses of companies at all levels of the supply chain when dealing with cannabis in California.
Security protocols help to provide safe work environments and protecting assets. With the legalization of cannabis cultivation, transportation, manufacturing and retail distribution, the installation of a high quality surveillance system is a must. In this installment of our blog we will review how a state of the art video surveillance system can assist in lowering risk.
Cannabis operators are no strangers to the inherent security risks of growing, manufacturing or transporting product. A major challenge for outdoor cultivators is protecting acres of plants under security guidelines that often restrict the use of armed security personnel for outdoor grows. A quality video surveillance system with night vision and motion activation is a great way to minimize risk and double as an alarm system.
One of the rising stars in high-quality video surveillance is Live Guard, which utilizes infrared motion detectors and 24/hour centrally monitored stations. When activated, live-feed video provides clear identification of trouble, giving Live Guard personnel immediate ability to verify a threat and react. Site protocols will elicit a call to on-site security, the local police, or a responsible authority within seconds. The same type of surveillance system is ideal for indoor facilities, dispensaries and transporters.
The cost of developing and maintaining a cannabis operation is expensive, but the installation of a quality surveillance system will save you a great deal of time and money in the long run. An inexpensive and unreliable surveillance system will not provide the quality pixilation necessary to identify individuals, vehicles and product. Inevitably, a cheap system will have to be replaced sooner than later.
Look for installers with quality, high pixilation cameras, solid warrantees, and monitoring stations located in the US. Many monitoring stations are located outside of the US and this can cause delays in reporting and emergency response.
Security priorities change from business to business. For example, a cannabis dispensary has vastly different security protocols than a construction site. The question becomes how do you choose the security plan that is right for your business?
Core Security Solutions founder and Managing Partner Michael Yoell brings over thirty-five years of law enforcement and security experience in assessing the needs of our clients. Michael personally provides all of our security clients with a comprehensive security assessment for each business. In our first installment of the Core Security blog, Michael breaks down 5 key elements to a quality security plan.
Step 1: Threat Assessment
When looking at an overall security plan you must analyze the various safety and security threats that are significant to your facility. The surrounding area is a good place to start when looking at potential threats.
For example, what is the pedestrian and vehicular traffic around your facility and how might that impact the safety of your clients and staff? What types of crime are prevalent in your area? Do you have a security plan for your vendors and transportation staff when entering or leaving your facility?
Step 2: Vulnerability Assessment
How secure is your facility? Have you engaged a security professional to evaluate the vulnerability of your facility? What surveillance, alarm and physical security measures will mitigate your risks?
Step 3: Risk Assessment
Once all the data has been collected the next step is to develop an overall risk assessment, out of which a Risk and Mitigation Plan should be developed to address potential security and safety risks.
Step 4: Implementation
A fully developed security plan will include recorded surveillance, alarm systems, physical armed/unarmed security, secured areas/rooms/vaults, security countermeasures, incident response protocols, reporting, notification & response procedures.
Step 5: Standard Operating Procedures (SOP’s)
Prepare and frequently update your SOP’s and ensure that adequate training is conducted on a consistent basis to ensure protocols and procedures are followed in the event of a security incident or emergency. Be prepared.
If you are looking to get to the ‘core’ of your security measures for your facility Core Security Solutions, Inc has the experience and track record to keep your facility safe and secure. Contact us via email at email@example.com or give us a call at (510) 625-1505.