I work with the finances, the insurance of the marijuana industry. I have been educating and insuring for a number of years. This is some of what I have seen.
Friday, April 1, 2016
Do I need a safe for my Marijuana business?
Do you need a safe? If you are not insuring your products for theft then the insurance company does not require an 800lb safe with a one hour fire rated bolted to the ground. The underwriters came upon this size after studying years of robberies of Cannabis stores. A safe’s job is to slow down the bad guys. Are all safe’s created equal? Here is a quick educational video. https://youtu.be/ltK-bDbADa8 . Just because a safe’s door looks big, doesn’t mean it keeps your products safer. There are a lot out there that have skinny metal and sheetrock.
In Washington State, I talk with Dave Giussi about quality safes. He is the owner of Graffunder Safe and Vault and understands the industry. I would not feel comfortable with $500,000 worth of concentrates being stored overnight behind just sheet metal in a locking file cabinet. Contact Dave if you want good protection for your products.
Here is why a safe is bolted to the ground: https://youtu.be/B8ViUdd-2LM
Another box store safe: https://youtu.be/BjHnklj6PAs
Labels:
Business,
California,
Cannabis,
Colorado,
Dispensary,
Insurance,
marijuana,
Oregon,
weed
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