Takeaways from our conversation on criminality in cannabis operations

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A large national cannabis insurance company has sifted through some of its claims data to tell us that many thefts in cannabis operations happen overnight, but more interestingly, based on Security footage and other available evidence, it seems criminals often get in and out quickly – perhaps a little too quickly.

Numerous thefts reflected in the data show that cannabis products are stolen far more than cash, with far greater losses.

Our latest Insuring Cannabis podcast features intriguing data and anecdotes about the claims of one of the top cannabis insurance underwriters, as well as safety tips for brokers and their cannabis clients from a former cop.

Jim McErlean

Here are some takeaways from this conversation.

About 95% of all thefts and criminal activity took place after closing, according to Jim McErlean, director of business development for Cannasure, who reviewed claims from his company and their carrier partner to speak to Insurance Journal about the crimes and underwriting cannabis operations.

“And that might not sound like a big shock, but it really tells you where risk management efforts need to be directed to protect businesses from an overnight foreclosure and crash,†McErlean said. “So we are putting a little more of our thought leadership into nighttime controls and risk management support on behalf of our clients. “

Chris Eggers

McErlean said security cameras and other evidence indicate some of these crimes are being carried out with the help of employees. Many criminals come in and out with large amounts of loot – with reported losses sometimes exceeding $ 100,000 – within minutes.

“It’s just a shame that if someone is able to get in and out of the building in two to three minutes, and that’s what some of these security cameras are telling us, the door must have been unlocked,” did he declare. “It must have been practical that all inventory remained instead of being locked in the cabinets and safes that are part of the warranty policy that cannabis operators sign documents stating they guarantee that they will have all their inventory. locked in some type of security facility that has maybe an hour or two hours lock.

Chris Eggers, owner of CC security solutions, a cannabis security consultancy, stressed the importance of site ratings.

“Site ratings are really important for a number of reasons,” said Eggers, a former police officer who worked in the Oakland and San Francisco Police Departments for a dozen years. “First, it provides an opportunity to understand any security gaps or areas of non-compliance currently in place. “

When security systems projects are outsourced, multiple vendors are often called upon, each focusing on their own part of the project, according to Eggers.

“The cameras focus on the video and document and retain this information, the alarms are focused on their world, but asking someone to do a safety assessment, especially through an offender’s eyes to identify various security gaps, with respect to the environment, procedure or physical equipment is extremely important to understand the risk profile of your space, â€he said.

He also offered some interesting anecdotes from his site reviews.

He was recently at an indoor grow site.

“And the door to the safe was open, the door to the office where the safe is located was open, the safe was closed, but there was a bag of money on the safe, in anticipation. of the plaster carrier. come and get it, â€he said. Now the cash courier hasn’t shown up for an hour and a half.

Related:

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Cannabis fraud

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