Cannabis Secure Transporter License

A cannabis secure transporter license is usually a standalone license allowing the licensee to transport cannabis and cannabis products between other licensed businesses. A licensed cannabis transporter could provide logistics, distribution and storage of cannabis and cannabis products, and other related services depending on local regulations.

Cannabis Security Transportation Market

As the cannabis industry has grown, so have cannabis security transportation business that provides security services catering to cannabis companies. Because of the issues surrounding cannabis business and access to banking, industry participants often use cash to pay expenses, in contrast to other businesses that would just charge a card or a check to pay for supplies, equipment, taxes and rent. This creates a need to secure and move large amounts of cash safely.

Once the products need to be transported and then reach the warehouse or dispensary shelves, cannabis companies rely on advanced security systems including visual and audio surveillance to protect their valuables. In order to prevent diversion of product, most state cannabis regulations require growers, storage facilities, processors and retailers to have advanced video security systems.

Many security companies around the United State expand their activity scopes to provide security services cannabis business owners and also to help them to figure out what they need or want. Some focus on security consulting, while others specialize in video surveillance installation, armed guards, transportation or other areas. As with nearly every sector of the cannabis industry, those in the security business expect more competition to arise in the coming years.

As the cannabis industry has grown, so have companies that provide security services catering to cannabis businesses:

• SecurityBud, a small family-owned security firm in Orange County, California, only earned about $20,000 in business from the cannabis industry when the firm was founded in 2011. Current estimates show this company has an annual revenue of $1.2M and 7 employees.
• Colorado-based Helix TCS, which launched in 2015 and has a security division and several other cannabis-related business interests, made a significant jump by increasing its annual revenue more than double from 2017 to 2023, and currently has a revenue of $9.1M and 16 employees, according to RocketReach.
• Cannaguard Security was founded in Beaverton, Oregon in 2014, to sell Oregon OMMP (Oregon Medical Marijuana Program) and Washington Initiative 502 compliant cannabis security systems for dispensaries, retail locations and grow operations, as well as consulting nationwide. Cannaguard Security has $2.8 million in revenue and 11 employees.
• MPS International is a security firm that provides complete security solutions to the legal cannabis industry throughout the United States. MPSI’s headquarters is located in Murrieta, California. MPSI has a revenue of $11.2M, and 300 employees.
• Blue Line Protection’s headquarters is in Lakewood, Colorado, provides protection, transportation, banking, compliance, and training services for the legal cannabis industry. The company has a revenue of $3.9M, and 32 employees, according to MarketWatch.

Cannabis Security Transportation Financial Model Sample

(Michigan)

We also offer cannabis services business plan templates and  Hemp/CBD services business plan templates.