medical cannabis is now legal in 33 states and recreational cannabis is legal in 11 states...
It still remains an all-cash business.
When dispensaries buy their inventory from growers, they have to pay in cash.
And when customers purchase marijuana products from a dispensary, they can’t use credit cards. They have to pay cash, too.
The industry made almost $9 billion last year.
By 2022, it’s expected to be raking in over $23 billion a year.
All of that cash on hand makes for a VERY tempting target for thieves.
As California edibles producer Mark Mason told Rolling Stone magazine:
“We carry more cash than banks. You can’t walk into a bank and get $300,000 in cash. You’d make more money robbing us. It just feels like, wow, now that my business is completely legal, it’s more dangerous than ever.”
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