An Explosion in Growth
A recent Nielsen report estimated the sale of legalized cannabis products in the United States reached $8 billion in 2018. While full-year 2019 numbers are not yet available, the report predicts the industry will quintuple by 2025, growing to $40 billion in sales as more states legalize recreational and medical marijuana.
While a large number of cannabis products remain illegal under federal law, it’s clear that the market is poised for explosive growth as more Americans turn to marijuana and hemp products. With this enormous growth comes major concerns over securing and protecting cannabis dispensaries throughout the United States.
Much like a pharmacy, a large dispensary can hold millions of dollars in inventory. Even smaller dispensaries have thousands of dollars of product at any time. And this doesn’t include growing and processing facilities that supply the thousands of storefront locations from coast to coast.