What steps can cannabis companies take to prevent internal theft and maintain employee integrity?
AlphaRoot Team
The cash-intensive nature of the industry and the high value of inventory make internal theft a significant risk. Prevention measures include:
• Pre-employment background checks and verification of employment history.
• Segregation of duties so that no single employee controls purchasing, inventory, and cash handling.
• Access control systems to restrict entry to vaults and inventory areas.
• Random audits to catch discrepancies early.
• Comprehensive surveillance (cameras and point-of-sale monitoring) integrated with cybersecurity.
• Fostering an ethical culture through fair compensation, employee recognition, and clear reporting channels for suspicious activities.
Combining technological controls with a supportive workplace reduces the temptation for theft.
Related FAQs
How can cannabis businesses develop effective employee training programs for security and compliance?
AlphaRoot Team
Employee training is essential for protecting high-value product and ensuring safety. A robust program should: • Cover security protocols, threat recognition, and proper inventory and cash handling. • Include hazard...
What are the best practices for employee recruitment, retention and background checks in the cannabis industry?
AlphaRoot Team
Employees are the face of your business and a critical control point. To build a strong workforce: • Conduct thorough background checks—internal theft is a risk because the industry is...
Curated News
Ask a Question
We’re here to help. Whether you’re looking for expert advice or need clarification, our team is ready to assist. Reach out, and let’s find the answers together.