The cannabis industry is no longer taboo. According to the Motley Fool, estimates on Wall Street speculate that worldwide sales could gallop to as high as $200 billion a year by the end of the next decade. Cannabis is quickly becoming legal in many states. With the rise of cannabis legalization, this is an urgent need for the ability to transport and track the product while it is being transported. One of the biggest hurdles the industry faces is that banking rules will not allow businesses to deposit proceeds from the sale of marijuana distribution because it is considered proceeds from the sale of a drug.
Regulators throughout the world are requiring accountability from the fast-growing cannabis industry and GPS devices provide transparency in the hazy world of the marijuana market. It’s one of the only reliable tools that can used to provide the cannabis business with a robust sense of security.
Let’s look at how GPS devices can safeguard your cannabis products, save your business money, and how it’s changing the way the world transports marijuana.
Using GPS Devices to Combat Black Market Cannabis
As the marijuana industry grows in the United States, states that allow recreational and medicinal cannabis are demanding that cannabis companies implement track and trace systems. These systems are meant to stop the flow of black-market cannabis products with the help of GPS trackers.
Any time a black-market sale occurs, a state loses out on potential revenue from sales tax. This is why it’s imperative that regulators enforce a system that pushes illegal cannabis products out of the market and allows licensed producers and dispensaries to sell marijuana legally.
It’s only a matter of time that all jurisdictions that allow medicinal or recreational cannabis implement a mandatory track and trace system. By utilizing GPS trackers to remain in compliance with local regulators, your business will stay ahead of the curve.
Taking Security into Your Own Hands
Cannabis-based businesses have an intricate supply chain that’s unique compared to other industries. Theft from employees and outsiders are frequent events, especially considering the cannabis industry is blocked from depositing money into federally insured banks.
Due to a lack of regulatory clarity, cannabis business owners are forced to transport tangible money and marijuana products in unmarked vehicles. Rather than springing for a costly security team, marijuana businesses are now turning to GPS tracking systems. These small tools follow every movement of their cars that contain high-value products or cash.
By doing so, business owners can track their inventory during real-time tracking on their tablet, phone, or laptop. This ability to view the route, speed, and pinpoint the location of each vehicle is not only incredibly convenient but necessary. Although it’s every company owners’ worst fear, employee theft is rampant in the marijuana industry.
By using GPS tracking, business owners will save money by not requiring security transport services. If products are stolen from vehicles during transportation, GPS devices are small enough that they can be placed in boxes with the inventory. This means that you can contact authorities immediately while you watch your goods on the move.
The Best-in-Class GPS Tracking Solution
When you’re on the hunt for a reliable tracking solution for your cannabis business, look no further than LandAirSea. They’ve mastered their craft of GPS surveillance technology and boast an impressive track record of success.
Their GPS trackers are used by large corporations, law enforcement agencies, and the public sector. Now, Land Air Sea is offering its state-of-the-art GPS trackers for the cannabis industry. No longer will a shipment disappear into thin air. No longer will you question where your driver is that’s carrying cash and supplies. No longer will uncertainty be an issue.
Land Air Sea offers many GPS devices that can suit your every need. From waterproof to ultra-discreet, their devices and will add an extra layer of security to your cannabis business.