Burglaries are on the rise in Colorado, as U.S. cannabis dispensaries are forced to accept only cash only payments. Financial institutions deny most product-handling cannabis businesses because of the drug’s continued federal prohibition.
The rise in robberies and break-ins leads to dispensary employees being put in danger, and dispensaries beefing up their security. who are doing their jobs legally? In 2017, Colorado-based Helix TCS HLIX (OTCMKTS) acquired Security Grade Protective Services, and Helix continues to be a top security service provider for the cannabis industry.
Until federal banking regulations are changed for legal marijuana businesses, the need for maximum security measures at dispensaries is likely to continue.