Washington pot shops call on the state to improve protection from violent robberies with a bill designed to lengthen sentences for pot shop robberies.
Advocates told lawmakers that the swift uptick in robberies has put the industry in a crisis.
Until federal legalization or the SAFE Banking Act passes, cannabis will remain a cash-only business, drawing added risks for local small business owners.
There have been dozens of cannabis shop robberies in the last few months in western Washington alone. Some cannabis shop owners feel the state is not doing enough to protect their businesses.
Since law enforcement agencies handle the robberies, the Liquor and Cannabis Board said it is not always notified when a crime happens.
But rest easy because the state Liquor and Cannabis Board said it is communicating safety tips with cannabis retailers, including advice to:
*Hire armed security guards
*Make frequent cash deposit
*Post signs that staff don’t have access to much cash
*Communicate safety guidelines with staff so they know what to do in the event of a robbery
My $.02 is that these violent robbers should be in prison, but if you’re going to pass a bill, how about you lobby the state capital for better banking laws so you can actually protect these businesses?
Guest:
WA state treasurer pushes for marijuana banking in wake of retail robberies
https://mjbizdaily.com/washington-state-treasurer-pushes-for-marijuana-banking-in-wake-of-retail-robberies/
Access to marijuana banking services increasing over pandemic levels
https://mjbizdaily.com/access-to-marijuana-banking-services-increasing-over-pandemic-levels/
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 917 The #TalkingHedge…
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Beat | Keep On | 2020
Artist: Milochromatic Beats
&
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018
Artist: 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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