A spate of violent robberies targeting marijuana businesses in the San Francisco Bay Area last month have thrown into question the survival of several small businesses, with the combined losses of those operators estimated to be at least $5 million.
A scandal has emerged over San Francisco police officers apparently looking on while burglars made off with cannabis products from a store they’d broken into.
Cannabis companies impacted by the spate of robberies are requesting state and local government agencies for financial help.
The prime takeaway from the most recent rash of thefts and vandalizations, insiders said, is the fragility of the companies targeted and the fact that they’re targeted with disturbing regularity by criminals looking to make an easy buck.
How much targeting by gangs can small businesses withstand?
The sources also said the robberies could spell the end for many businesses. Moreover, they don’t see an immediate end to the trend because the underlying causes aren’t easily solved.
The spate of robberies merely reflects how the criminal justice system doesn’t work under progressive rule. Their policies to lower penalties for shoplifting have royally backfired.
Show Notes:
Oakland cannabis business hit twice in back-to-back burglaries
https://www.ktvu.com/news/oakland-cannabis-business-hit-twice-in-back-to-back-burglaries
Looters Target California Pot Shops, Steal $5 Million Of Product
https://www.zerohedge.com/markets/looters-target-california-pot-shops-steal-5-million-product
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 845 of The Talking Hedge:
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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