Ep. 9: Security Strategies | Protecting Your Cannabis Business from Application to Operation

In this episode of 'Under the Microscope,' host Jenny Germano dives into the critical security strategies for cannabis businesses with guest Tony Gallo, a seasoned expert from Sapphire Risk Advisory Group. Tony shares his extensive experience in the cannabis industry, highlighting the importance of robust security measures during both the licensing and operational phases. Key discussion points include the necessity of a comprehensive security plan for license approval, the pitfalls of underestimating security requirements, the significance of employee training to prevent internal theft, and the benefits of ongoing security assessments. The episode emphasizes the importance of honesty, compliance, and thorough vetting of security partners to ensure the long-term success and safety of cannabis operations.

 

📢 Visit Jenny's Website: www.icsconsultingservice.com

 

📢 Our Guest: Tony Gallo from Sapphire Risk Advisory Group

 

Timestamps

 

00:00 Introduction and Host Background

00:49 Guest Introduction

02:34 Importance of Security in Cannabis Licensing

07:37 Common Mistakes in Security Planning

14:40 The Pitfalls of Using Gun Safes

19:02 Vetting Your Security Company

23:17 Common Mistakes Applicants Make

24:56 The Impact of Lottery-Based Licensing

28:08 Designing an Effective Security Plan

29:32 Implementing Security Plans Post-License

31:30 Preventing Employee Theft in Cannabis Operations

37:21 Maintaining Security and Compliance

41:06 Final Thoughts & Wrap Up