Potentially Monumental Shifts for Cannabis and Banking in the U.S.

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The winds of change are blowing through the global cannabis debate. This controversial plant, with its dueling medicinal and recreational personas, finds itself at the center of discussions from Wall Street to medical labs to the halls of government.

In the United States, the federal government may be ready to soften its historically rigid stance. The proposed move by the U.S. Department of Health and Human Services to shift cannabis from the most restricted Schedule I category to Schedule III could bloom into a new era of research and discovery. This recommendation follows President Biden’s call last year to re-examine and demystify cannabis’ current classification alongside drugs such as heroin and LSD.

The government’s posture toward cannabis has been contentious ever since the War on Drugs intensified in the 1970s. Despite cannabis’ centuries-old roots as a therapeutic healing aid and recreational pastime, the 1970 Controlled Substances Act brought the full force of the law down on the plant’s production, distribution, and use – with disproportionate impacts on marginalized communities.

The proposed policy change portends seismic shifts across the business landscape, too. The burgeoning cannabis industry, already projected to eclipse $40 billion in U.S. sales by 2025, could expand into exciting new horizons. Meanwhile, commonsense banking reforms would bring welcome clarity and transparency. You can read more about these potentially transformative changes to the legal cannabis industry here: Cannabis Rescheduling and the SAFER Banking Act.

Running a cannabis business presents unique security challenges. With many companies still operating solely in cash, safety risks abound. But technology offers smart solutions tailored to this complex industry’s needs.

Stealth Monitoring understands these challenges firsthand. As leading providers of live video monitoring and surveillance security solutions to U.S. and Canadian cannabis clients, we can help businesses follow strict state and provincial regulations and keep companies’ people, products and profits protected.

Compliance and safety go hand in hand in this fast-moving industry. Regulations guard against diversion while protecting public health and safety. Meeting these standards is mandatory and monitoring is key. Stealth’s real-time video solutions provide the visual transparency regulators demand while preventing crime and empowering businesses to thrive.

In this dynamic industry, the ability to adapt is critical. Stealth Monitoring equips cannabis businesses with the right surveillance tools and knowledge to operate safely in full compliance today, tomorrow, and beyond. Discover more about our specialized cannabis security services: contact us for a free consultation. Our team is here to help your business flourish.


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